The New Era team has an exceptional reputation and includes fish nutritionists, marine biologists, immunolgists, zoologists and microbiologists. The compay is commited to a significant programme of research and development, which results in uniquely formulated products of the very highest quality.

The investment will be used to develop the company’s export sales via its distribution networks and for capital expenditure to expand the company’s manufacturing facility at its Thorne site, including the installation of a live fish holding facility.

The total investment of £300,000 provided to the company comprises £150,000 from the Coalfields Enterprise Fund and a £150,000 equity-linked investment from SYIF.

Richard Bamford, Executive Chairman of EV, said, “EV is delighted to have completed this syndicated investment in New Era Aquaculture. This is a further illustration that, despite the current recession, there are still regional funds available for SMEs looking to expand and develop their operations”.

Paul Taberner, EV Investment Director, commented, “We have been impressed with the management team at New Era from the outset, with their years of experience and deep understanding of the marine aquaculture market. The New Era product range has clear areas of nutrional advantage over the competition and as a substitute for traditional methods of feeding captive and ornamental fish. We believe the company is extremely well placed to continue recent growth into new geographical markets”.

Peter Kersh, the company’s Managing Director, commented, “We are delighted to complete the new investment with the Coalfields Enterprise Fund. The investors saw and understood very quickly the innovation and uniqueness of the business and what we are trying to achieve. The timing is very opportune as the investment will allow us to drive forward with our expansion plans for the business in manufacturing, international brand development and a live holding facility. Exciting times ahead for us!”.