The Gael Force Group is set to proceed with ambitious growth plans with support from the Royal Bank of Scotland, including a multi-million pound investment in research and development.
Key among the company’s projects is a multi-million pound aquaculture R&D investment to deliver improved fish health, reduced predation, and create a greener, more carbon friendly way of farming.
Despite short term challenges as a result of Covid, Gael Force Group’s long-term strategy is on track to help the group continue its expansion into international markets, as well as creating new job opportunities locally.
Royal Bank of Scotland has offered a flexible support package including working capital loans. “For almost 40 years, we have been driven to partner with our customers, whether it be the established salmon farmer or the hard-working local fishing community – so we know the importance of lasting, trusted relationships,” said Robert Foster, finance director of Gael Force Group.
“The Royal Bank of Scotland understands our vision and our shared sentiment for sustainable growth, and we are confident this is the beginning of a fruitful and lasting partnership,” he added.
The Gael Force Group has also made significant charitable donations to the development of a visitor centre in the group’s former hometown of Stornoway, to commemorate the tragedy of 1919 when HMY Iolaire hit rocks and sank with the loss of more than 200 lives.
