Newbury Business Tackles Food Waste Problem

The FSE Group are delighted to announce that Takestock are the latest company to be supported by the Thames Valley Berkshire Growth Fund. Takestock, a digital marketplace for the food industry have successfully closed their first round of funding, which also includes investment from, Finance Birmingham and Ascension Ventures. The Newbury based company, founded in 2014, is the go-to-place for large scale food producers with excess stock, linking them with local, independent restaurants and coffee shops.

Campbell Murray, co-founder of Takestock:

“We think it is unacceptable that nearly £1Bn in food is wasted each year in the UK manufacturing sector and we intend to make an impact on that. We believe a lot of this wasted stock has value and through our eCommerce platform, www.takestock.com we aim to link the food producers with the many independent merchants across the country. The investment enables us to significantly expand our current team, in order to spread the reach and drive sales of new products on the Takestock platform.

Bradley Jones, Fund Manager at the FSE Group:

“We are excited to be involved with a company who are going to great lengths to tackle the growing problem of food waste in the UK. This is an excellent example of the type of innovative high growth business around the Berkshire area that we look to support. With over half of the top 10 food distributors within the UK already signed up and the development of an App underway, we believe that the future is bright for Takestock.”

About The FSE Group:

The FSE Group provides tailored funding solutions and support for ambitious and innovative small and medium enterprises (SMEs), to help them achieve their maximum potential. This includes the Thames Valley Berkshire Growth Fund, which is one of a number of Local Enterprise Partnership backed funds that The FSE Group manage. For further information about the range of products and services offered by FSE, visit www.thefsegroup.com

Press contact: tom.clarke@thefsegroup.com

About Takestock:

Takestock was established by its founding team to change the game in food waste by establishing a digital, intelligent market place to match surplus stock with buyers. Initially focused on the UK exclusively, with global opportunities to follow. Takestock has first mover advantage in the market & assists customers with logistical support also via a managed service. For more information visit www.takestock.com

Contact: campbell@wetakestock.com