Wednesday 2nd April 2008
Cornish Sea Salt Co. Ltd. – a newly established company based in Cornwall – has agreed a funding package with Bank of ScotlandCorporate. The company, which has been established by Managing Director Tony Fraser after three years of extensive research, produces the only English sea salt harvested straight from the ocean.
Cornish Sea Salt will operate from a newly completed, purpose built harvesting unit in Porthkerris on the Lizard Peninsula, around 10 miles south of Falmouth. The unit, which was built by local firm John Nicholls Builders Ltd, will extract sea water, pass it through a processing facility to produce the sea salt crystals, and then return the water to the sea through a separate pipeline 200 yards away.
In addition to the management team, Cornish Sea Salt employs 8 locally recruited staff. The salt, which is packaged in an innovative, eco-friendly manner, has recently gone on sale for the first time and is available in independent stores throughout the UK.
Commenting, Managing Director Tony Fraser said:
"I'm delighted that after three years of hard work researching this business idea, we're off and running. Our sea salt is of the highest quality, is environmentally friendly and is both healthier and tastier than traditional table salt. I'm extremely grateful for the support Bank of Scotland Corporate has given us – they understood our requirements perfectly and helped make this project work."
Richard Oates, Director of Commercial Business for Bank of Scotland Corporate in the South West, added:
"Entrepreneurs like Tony Fraser are the lifeblood of local economies all over the country, and nowhere more so than here in the South West. We have extremely high regard for Tony and his team and the innovative approach they have used to produce a top quality product. We look forward to working with them to achieve their growth aspirations".
Notes to Editors:
Bank of Scotland Corporate, part of HBOS plc, has a reputation for excellence in the provision of corporate finance, delivering innovative funding solutions across a range of markets. With experience across many areas of corporate finance, including specialist teams covering Joint Ventures, Integrated Finance, Structured Property Finance, Infrastructure Finance and Housing Finance, Bank of Scotland can draw on an expert pool of professionals with proven track records. Bank of Scotland provides funding to more Management Buy-Outs than any other bank in both the UK and Europe and is now recognised as the top UK arranger for PFI/PPP deals. Bank of Scotland Corporate employs around 9,000 employees. Total lending at December 2007 stood at £109.3 billion.
Cornish Sea SaltCo. Ltd. produces the only English sea salt harvested straight from ocean – the clearest, turquoise waters that boast a Grade A classification in terms of water purity. Cornish Sea Salt contains more than sixty naturally occurring trace elements essential for well-being, and delivers more taste for less salt, making it a tastier and healthier alternative to traditional table salt. The flaky crystals are sold in eco friendly packaging at independent stores throughout the UK.
