Exclusive London event to help food and drink firms source investment
Accountancy and business advisory firm Johnston Carmichael is set to host an exclusive event in London to help Scottish food and drink businesses source investment.
Its ‘Meet the Food & Drink Investor’, which is to be held at Scotland House, an innovation and investment hub for Scottish businesses, is specially aimed at food and drink businesses looking for funding.
The event, which is to be held on Monday 4 September, is being hosted in partnership with industry body Scotland Food & Drink and the Scottish Business Network. The Scottish Business Network facilitates investment from Scots in London and helps Scottish based companies to expand internationally.
As well as discussing opportunities and challenges within the industry, the event will also provide guests an opportunity to meet with potential food and drink investors.
Earlier this year the Scottish food and drink industry revealed ambitious plans to double the size of the sector to £30bn by 2030. Food and drink has been Scotland’s best performing sector in recent years, with record export figures achieved in 2016 and an annual value of £14.4bn.
The focus of the 2030 strategy is to build on Scotland’s worldwide reputation as a land of food and drink, but it also aims to make it easier for food and drink businesses to access support. Despite the sector’s success, many producers seeking to grow find it challenging to obtain the necessary funding.
James Withers, Chief Executive of Scotland Food & Drink, who will address the event, said: “Scotland’s food and drink industry is central to the whole Scottish economy and we have big growth ambitions. This exciting event will provide producers with a platform to consider their own business growth and the investment required to make it happen.
“It is apt that this event takes place during Scottish Food & Drink Fortnight, the annual celebration of our industry, and this is an important opportunity to help to raise the profile of Scotland’s food and drink producers with potential investors.”
Adam Hardie, Head of Food and Drink at Johnston Carmichael, said: “This is a significant opportunity for Scottish food and drink companies to meet and talk with prospective investors in the industry in an informal forum.
“There is limited funding in Scotland for growing businesses, so an event like this can really help businesses get the recognition they deserve, along with potential business gains on a London platform.
“The food and drink sector is thriving in Scotland, and I’m looking forward to seeing what opportunities this event delivers to our clients.”
Investors attending the London event include Inverleith LLP, a specialist food and drink private equity investor, and London-based angel investors from the Scottish Business Network.
Food and drink businesses will be able to enjoy a round table discussion with investors, followed by a drinks reception showcasing the best of Scottish produce.
One of the firms attending will be Holyrood Distillery, for whom Johnston Carmichael is acting as financial advisor in their £5.5 million funding drive to enable development of the first single malt distillery in Edinburgh in 90 years.
Rob Carpenter, Managing Director at Holyrood Distillery, said: “Working with Adam and the rest of the great team at Johnston Carmichael has been terrific, and we are looking forward to the event and being part of the continued growth of the high quality Scottish food and drink sector.”
Johnston Carmichael has extensive experience in advising food and drink companies of all sizes including many of Scotland’s most successful privately-owned companies. They regularly use their network to make introductions with other business leaders and investors in order to help their clients achieve strategic growth.