Scotland-based Denholm Seafoods has secured an eight-figure funding package from HSBC UK, backed by UK Export Finance (UKEF), as it sets its sights on new international markets.

The Peterhead-based pelagic fish business, which processes herring and mackerel, is looking to expand in European and Asian markets in particular.

The funding package forms part of a £15 million (€18 million/$20.4 million) General Export Facility (GEF) backed by UKEF, the UK government’s export credit agency.