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Medway Foods has raised equity from regional venture capitalist South East Growth Fund (SEGF). The company, which supplies frozen and chilled foods, secured £250,000.

Medway is the former MBO vehicle to the £7 million buy-out of Canterbury Foods plc’s non-meat business in January 2006, after the latter entered administration. Medway is led by chief executive Paul Ainsworth, former managing director of Canterbury.

Based in Whitstable, Medway primarily makes pastry products and food ingredients. It runs three factories in Whitstable and Sheppey, Kent, and Bridgend in Wales.

Ainsworth, said: “We are committed to producing the highest quality products and delivering excellent service standards in order to support our existing customers and attract new ones. The backing of SEGF gives us additional resources to achieve our full potential.”

The South East Growth Fund is a £30 million venture capital fund managed by West Midlands Enterprise. It invests up to £500,000 in small and medium-sized businesses. 

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