Menu
MyHIE

Get a personalised experience with a MyHIE account

Make your life easier with a MyHIE account. It’ll save you time, help you find and organise content based on your needs and interests.

Cta Man
Keith Paterson, joint Managing Director, SHORE holding seaweed on the waterfront

SHORE

SHORE uses sustainably harvested seaweed to manufacture plant-based snacks and foods.

SHORE 2

Creating new jobs and expanding product range

SHORE the Scottish Seaweed Company, the trading name of Alness and Caithness-based seaweed processing company New Wave Foods Ltd, expanded its product range and created five new jobs with a £1.7m finance package, including a £498k R&D grant from HIE. 

SHORE uses sustainably harvested seaweed to manufacture plant-based snacks and foods. Since launching its first range of snacks in late 2018 and the company has built up a network of more than 500 stockists across the UK and Europe and hope to increase the export of their branded products in the near future.  

The funding package combined R&D grant funding from HIE, equity investment from the Scottish Investment Bank (SIB) and contributions from several private investors. 

The investment will lead to a new product roll-out under the SHORE brand, helping support the company’s ambitious growth plans. This includes the launch of a new range of plant-based snacks and a revamping of its existing bagged snack range. SHORE is also poised to move into the ambient arena with its brand-new ‘Sea Kitchen’ range.  

Seaweed is fast gaining recognition for its nutritional value. Investment in innovation and R&D has been crucial in helping SHORE stay ahead in this growing market. 

Keith Paterson, joint Managing Director, SHORE, said: “Our success is based on creating tasty plant-based seaweed snacks and foods that appeal to the growing number of mainstream health-conscious consumers who are increasingly seeking sustainably sourced foods. Securing this package with support from HIE and SIB was a major milestone for the company and will help propel our business to new heights.” 

 

At SHORE our mission is to create an edible seaweed industry of scale in Scotland that is one hundred per cent sustainable, good for the coastal environment and beneficial for our local rural communities.
Keith Paterson, Joint Managing Director, SHORE

Newsletter

Sign up for all the latest news, information on investments and development opportunities from across our region.