Humber Freeport Supports AAK's £2 Million Investment in Hull's Food Production Sector

In an exciting development for Hull's local economy, Humber Freeport has announced its support for AAK, a company that specialises in plant-based oils, with a significant investment programme. This initiative is set to enhance AAK's operations at its site located at King George Dock, right in the heart of the Port of Hull.

AAK's Major Investment

AAK is making a substantial investment to expand its production capacity and capabilities. The company is well-known for producing plant-based oils that are used across various food markets. These include essential supplies for bakeries, confectioners, pubs, takeaways, and supermarkets. This investment will not only boost AAK’s production but also ensure that it can continue to meet the growing demand for its products.

Funding Support from Humber Freeport

As part of this investment programme, AAK has received £2 million in funding from Humber Freeport’s seed capital fund. This funding is crucial as it supports the first phase of AAK's investment plans. The aim is to strengthen the company's long-term presence in Hull, which is expected to contribute positively to the local economy.

Benefits for the Local Community

The investment is not just beneficial for AAK; it holds promise for the wider community in Hull. By expanding production, AAK can create more jobs and support local suppliers, which can lead to a stronger economic environment in the area. This kind of investment is essential for ensuring that Hull remains a competitive player in the food production industry.

Leadership Insights

Peter Gower, AAK’s Hull Site Director, expressed optimism about the investment, stating that it will help in the continued development and future success of AAK's site in Hull. Simon Green, the CEO of Humber Freeport, echoed this sentiment, highlighting the importance of supporting local businesses to foster growth and innovation.