Sweet treats family firm has success licked: Equi Press Pic3

26 July 2019

Sweet treats family firm has success licked

Iconic ice cream maker Equi’s is expanding its business with a move to bigger premises and an increased workforce after scooping a £690,000 funding package from Scottish Enterprise.

The family firm has outgrown the base in Hamilton, South Lanarkshire, where it currently creates the flavours which have become a hit in ice cream parlours and supermarkets all over Scotland.

With the support from Scottish Enterprise, the company will now move to nearby premises four times the size of their existing plant, safeguarding nine jobs and creating a further six and increasing their output to 3million litres of ice cream per year.

The funding is a combination of a £200,000 Regional Selective Assistance (RSA) Grant and £490,000 from the Scottish Loan Scheme, part of the Scottish Government’s Scottish Growth Scheme.

Managing Director David Equi, whose grandfather Peter started the company as a café in 1922, said:

“Equi’s Ice Cream is an ambitious company with a passion for creating exquisitely irresistible ice cream. Over the last few years we’ve continued to expand our product range to the delight of wholesale customers and we’re ready to take our business to the next level.

“The RSA grant and the loan from the Scottish Loan Scheme will allow our company to continue to grow and we will be able to venture into new and exciting markets. We’re grateful for the continued support from Scottish Enterprise and we look forward to opening our new site.”

Trade and Investment Minster Ivan McKee visited the factory to announce the funding. He said:

“Equi’s is a real example of the kind of company which makes Scotland’s food and drink sector such a success. They diversified from being a small family-run café to become a manufacturer and supplier to businesses throughout the country. Their innovation for creating unique ice-cream flavours has also helped them to become both a well-known and well-liked brand.

“The Scottish Growth Scheme was created with exactly this kind of business in mind – businesses with the potential to grow, to create more jobs and to ultimately benefit the local and wider Scottish economy.”

Kerry Sharp, director of the Scottish Investment Bank, the investment arm of Scottish Enterprise, added:

“We are delighted to support Peter Equi & Sons with £490k of funding from the Scottish Loan Scheme (SLS) funding made available through the Scottish Government’s Scottish Growth Scheme.

“The SLS loan of £490k is part of an overall funding package alongside RSA which will allow the company to continue on their growth journey, expanding their product range using innovation and securing larger premises to help enable this.”

Contact Information

Notes to editors

Contact Donna Watson donna.watson@scotent.co.uk  

0141 468 6279 

07787 685801

Images are available for download.

Scottish Enterprise is Scotland's national economic development agency. We’re committed to growing the Scottish economy for the benefit of all, helping create more quality jobs and a brighter future for every region.

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The Scottish Investment Bank (SIB) is the investment arm of Scotland’s national economic development agency, Scottish Enterprise, operating Scotland-wide in partnership with Highlands and Islands Enterprise (HIE). SIB’s activities support Scotland’s SME funding market to ensure businesses with growth and export potential have adequate access to growth capital and loan funding.  

SIB manages a suite of co-investment funds including the Scottish Co-investment Fund, the Scottish Venture Fund and the Energy Investment Fund  on behalf of the Scottish Government. SIB is also an investor in Epidarex Capital’s Life Sciences Fund and is a participant in the Scottish-European Growth Co-Investment Programme with funding secured from the Scottish Government’s Scottish Growth Scheme alongside the European Investment Fund.  

SIB  also provides funding into LendingCrowd, Scotland’s marketplace lender providing loans to SMEs, and Maven's UK Regional Buy Out Fund (MBO) that offers financial support for management buyouts (MBOs) and helps existing management teams acquire their businesses from their owners so they can continue to flourish. SIB’s team of financial readiness specialists help companies to prepare for new investment and access appropriate finance. 

Regional Selective Assistance (RSA) is a discretionary grant scheme aimed at creating and safeguarding jobs in Scotland, if you want to find out more see www.scottish-enterprise.com/rsa