Loch Duart purchases new feed barge after financing deal from HSBC UK

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Can scale up production significantly.

Loch Duart has secured a “six-figure asset financing deal” from HSBC UK.

With the investment, the Scottish salmon farmer has installed the barge on its biggest site at Oldany, Sutherland.

Loch Duart financial director Simon Maguire said in the HSBC UK press release that the investment is part of a “strategic programme to continually update our equipment, placing the husbandry and quality of our salmon at the forefront of our farming”.

“The new feed barge also means we can harness the experience and skills of our team better by removing some of the manual labour currently needed, while also enabling us to scale up production significantly,” he added.

HSBC UK relationship director Grant Bett added that Loch Duart is a “great example of a Scottish business success story, as a global exporter leading the way as Scotland’s premium salmon producer.”