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East Coast Bakehouse Eyes Opportunities To Raise €10M In Funding Next Year

Published on Oct 10 2019 1:47 PM in A-Brands tagged: East Coast Bakehouse

East Coast Bakehouse Eyes Opportunities To Raise €10M In Funding Next Year

East Coast Bakehouse, is reportedly eyeing opportunities to raise over €10 million in funding next year.

The biscuit baking company, which is based in Drogheda, Co Louth was established in 2015 by Michael Carey and his wife Alison Cowzer.

Speaking with the Irish Independent Carey said: "We're constantly looking at what the next phases are, but we're reviewing our options in terms of the next round of investment."

"Subject to opportunities progressing, it's most likely in the first half of next year before we do anything," he added. "There's a whole range of sources of funding that could form part of that solution."

He said that could involve additional bank funding, or finance via an Employment and Investment Incentive Scheme, for instance.

Carey added that how much finance East Coast Bakehouse looks to secure will depend on the "scale of opportunities" it's presented with.

Cookie Launch 

Its range of cookies launched nationwide across the ROI in 2016.

The company announced its its plans on the 4 January, 2018 to expand into other markets as it continues to look beyond the UK for future growth.

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