Tyne and Wear-based Seaweed & Co is planning an exciting future after a £25,000 loan from Virgin StartUp and the Start Up Loans programme helped launch the business.
Founded by marine biologist Dr Craig Rose, the company produces environmentally sustainable products derived from seaweed.
Impressively, since launching with the loan’s help, Seaweed & Co has gone on to sell its range of culinary oils in Holland and Barrett and Sainsbury’s stores nationwide, as well as a separate range of culinary oils in Lakeland stores.
Additionally, the company’s Seaweed Capsules are soon to launch in select Boots stores and on Boots.com.
“It’s a huge milestone for the business to have launched nationwide in Lakeland, and in good time to offer people some great tasting and healthy new year inspirations,” said Rose.
She added “We’re also excited to have expanded to such an iconic British store as Boots and are looking forward to further expansion during 2020. None of this would have been possible without the support and advice we received from Start Up Loans.”
Andy Fishburn, Managing Director of Virgin StartUp, added: “Virgin StartUp is proud to have supported Craig and the team at Seaweed and Co. Craig is a true entrepreneur who saw a niche gap in the market and created mainstream demand for it.”
The Start Up Loans programme provides fixed-interest loans of £500 to £25,000 to aspiring business owners, with it having lent more than £551m through 68,600 loans.