RE: IC today3 Oct 2023 11:43
The new funds will be used over the next two years to accelerate sales and marketing efforts (£3mn-£4mn), expand inventory and general working capital (£2.25mn-£3.5mn), fund a new manufacturing facility to increase production volumes (£4.5mn), invest in headcount (£0.75mn-£1.0mn), and accelerate R&D spend on line extensions and product development for fast-moving consumer goods customers (£1.5mn-£2mn).