Seaweed is considered a sustainable high-nutrition food source with a host of health benefits and they also have a positive impact on the atmosphere, taking up significant quantities of carbon dioxide every year.
The funding is being awarded through the £14 million Marine Fund Scotland and will allow Edinburgh-based Mara to expand its seaweed processing facility in Fife and increase its footprint in the global marketplace.
International demand for high-quality seaweed for use as a food source and health supplement is increasing and the funding will help Mara achieve its growth targets.
Announcing the funding, Scotland’s rural affairs secretary, Mairi Gougeon, said: “This funding will support Mara Seaweed in furthering their commitment of creating more innovative and exciting products.
“I am delighted these sustainably-sourced quality products are attracting the attention of consumers in the national and international market.
“Our support to the marine sector remains a priority and we are currently seeking a multi-year increase for the lost EU funding.”