Winchester based On The Menu who make nutritious and tasty free from food are set to expand with the help from the Enterprise M3 Expansion Loan Scheme. The company was established in Winchester, by Elizabeth Jones in 2010, who found the ready meals available in the mainstream supermarkets lacked the sufficient nutrients needed for a balanced diet, including those with diabetes.
The £50,000 Expansion Loan will be used to develop and market a new range of table sauces made without refined sugar and 70% less salt than regular table sauces, which are launching this year.
Elizabeth Jones, Founder of On The Menu, “With the spotlight on obesity and the growth of diabetes 2 amongst young people we have used our expertise to develop a range of naturally free from, no added sugar table sauces under a new sub brand Real Good Ketchup. This funding will allow us to continue our growth plans and branch our products out into new emerging markets.”
Derek Ellis, Fund Manager at The FSE Group, which manages the EM3 Expansion Loan Scheme on behalf of the Enterprise M3 Local Enterprise Partnership (LEP), comments: “With a portfolio of customers including, Ocado, The Co-operative, Amazon and Whole Foods Market in the UK and exporting to Dunnes Stores in Ireland, we firmly believe that On The Menu has a great future. We are delighted to be working with them and look forward to watching Elizabeth expand the business to the next level.
The Enterprise M3 Funding Escalator is a £5.5m initiative funded by Enterprise M3 Local Enterprise Partnership. It includes a growth equity fund and provides eligible companies with loans and equity funding of £50,000 to £200,000 for activities delivering high-growth and employment opportunities.
For more information about the Enterprise M3 Funding Escalator please visit http://www.thefsegroup.com/enterprise-m3-funding-escalator or contact Derek Ellis at email@example.com tel: 01276 607302.