Lancashire food-tech retailer to expand in London and Norway with £700k funding
An online food and technology company in Lancashire is unlocking growth with six-figure funding.
Lancaster-headquartered Sous Vide Tools will use £700k from HSBC to boost the range and quantity of its stock, mostly imported from China, by up to 25%.
The business will also expand its logistics and sales teams to support increased export capabilities, as it targets growth in the US and Scandinavia markets and opens an office in Norway.
In the UK, Sous Vide Tools will create eight jobs at its Lancaster HQ and another two positions at a proposed London office.
Sous Vide Tools, founded in 2011, is a retailer of equipment needed for ‘sous vide’ cooking – a technique that involves vacuum sealing food and immersing it in temperature-controlled water for up to 72 hours.
Alex Shannon, managing director of Sous Vide Tools, said: “Our trading philosophy is simple; we source and supply the most innovative and unique products available. It’s due to the range and quality of our products, as well as our customer service, that we have been able to build such a large customer base, including some of the world’s leading chefs.
“With the support of HSBC we now have the opportunity to reach even more customers in the UK and abroad.”
HSBC’s commercial manager for Lancashire and Cumbria, Jon Higginson, commented: “Sous Vide is a fine example of a dynamic Lancashire business that is geared for growth through export.
“It is a pleasure to support the business as it undergoes rapid expansion and we look forward to seeing Alex’s team continue to grow.”
Looking to promote your product or service? Bdaily Marketing can help you reach a regional business audience. Request our latest Media Pack →