Scottish veg producer’s funding package from Royal Bank of Scotland will see it invest in production and processing and continue strong growth trajectory
Scottish veg producer ESG Drysdale has secured £10 million in funding from Royal Bank of Scotland to invest in production and processing capacity.
The Fife-based company, which joined the East of Scotland Growers (ESG) cooperative in 2023, will also use the funding to improve efficiencies as the business continues to scale.
Since joining ESG, Drysdale’s has more than doubled turnover to over £50 million, driven by increased volumes and a more diversified product mix, with further investment planned to support the next stage of expansion.
“We’ve built strong momentum over the past two years, and this funding allows us to accelerate plans,” said ESG Drysdale commercial director, John Inglis.
“The new funding gives us the capacity to further invest in our production facilities, improve efficiency and expanding overall output, while continuing to broaden our crop range and strengthen relationships with key customers,” he continued.
The funding follows ESG Drysdale moving its banking relationship to Royal Bank of Scotland (RBS) in March.
Relationship director for corporate banking at RBS, John Mills, said: “ESG Drysdale plays an important role in the Scottish agri-food sector and in supplying fresh produce to customers across the UK.
“We’re pleased to support the next phase of growth for a business that is strengthening resilience and creating a fairer, more direct link between farmers and key customers.”
ESG Drysdale is a major UK retail supplier, with production and storage facilities in the Scottish borders as well as Fife & Angus. Key crops, which are predominantly domestic, include broccoli, cauliflower, cabbages, Brussel sprouts, leeks and swede.
