Equi Secures Funding for Expansion

Equi

Ice cream maker Equi was granted a GBP690,000 funding package by the Scottish Enterprise, which will help the company boost its business further.

The family-owned firm seeks to expand beyond its base in Hamilton, South Lanarkshire to nearby premises four times the size of their existing plant. The extension will create six new jobs and will allow the company to increase its output to 3m liters of ice cream per year.

The funding is a combination of a GBP200,000 Regional Selective Assistance (RSA) Grant and GBP490,000 from the Scottish Loan Scheme, part of the Scottish Government’s Scottish Growth Scheme.

“Equi’s Ice Cream is an ambitious company with a passion for creating 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. […] We are grateful for the continued support from Scottish Enterprise and we look forward to opening our new site,” said Managing Director David Equi.

Trade and investment Minister Ivan McKee visited the factory to announce the funding. He said that 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.

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