An Aberdeenshire-based feed manufacturer has secured a significant £7.5 million investment to accelerate its expansion and innovation plans, marking a major step forward for the region’s agricultural sector.
The funding, which combines equity and debt finance, is set to bolster the company’s operations, support job creation, and enable the development of new products and technologies.
This injection of capital underscores strong investor confidence in the company’s vision and the wider potential of Aberdeenshire’s agri-food industry.
The investment round, led by prominent backers, will facilitate the creation of new roles within the business and provide resources for research and development.
The company aims to leverage these funds to enhance its manufacturing capabilities, expand its market reach, and continue its commitment to sustainable and efficient feed production.
Local economic leaders have welcomed the announcement, highlighting the positive impact on employment and the supply chain in Aberdeenshire.
The move is expected to strengthen the region’s reputation as a hub for agricultural innovation and contribute to Scotland’s broader ambitions for sustainable food production.
This latest funding round reflects a growing trend of investment in Scotland’s agri-tech sector, as businesses seek to harness new technologies and respond to evolving market demands.
The company’s expansion is anticipated to deliver long-term benefits for local farmers, the rural economy, and the environment.
Ross Baxter, chief financial officer of Harbro, commented: “This funding will strengthen our financial position and gives us the flexibility to continue investing in innovation, sustainability and expansion.“
With this new backing, the Aberdeenshire feed manufacturer is well-positioned to lead the way in delivering high-quality, sustainable solutions for the agricultural sector, reinforcing the region’s status as a key player in the industry.
