UK Export Finance announces £10m backing for Ooni expansion
UK Export Finance says Ooni has secured £10 million of HSBC UK financing backed by a government guarantee. The facility is intended to support working capital and the cooking-products company's international expansion.
Issued by UK Export Finance, Edinburgh ·
UK Export Finance has announced a £10 million financing facility for Edinburgh-based cooking-products company Ooni, provided by HSBC UK and supported by a UKEF guarantee.
The agency says the funding will give the business additional working capital as it expands in overseas markets, including North America, Europe, Australia and New Zealand. Its 12 November release reports that Ooni has 167 UK-based roles and is recruiting for eight more.
The announcement coincides with UKEF's first Scotland Business Forum in Edinburgh. The release describes financing intended to support future growth, rather than confirming that planned expansion has already been completed.
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