Buchan entrepreneur Gregor Mackintosh has been recognised by The Princes Trust for his success in starting up and expanding his business.
Gregor received a special award at the annual Princes Trust Youth Business Scotland Growth Fund Awards, which were held in Glasgow recently.
Gregor started his rapeseed oil business Mackintosh of Glendaveny in 2009 after receiving a loan from The Prince’s Trust Youth Business Scotland programme. He received the award In recognition of Business Innovation.
Mackintosh of Glendaveny was the first rapeseed oil producer to produce flavoured oils and this innovative idea helped Gregor to attract the interest of retailers and build up his customer base.
Within four months of beginning production, the business introduced four infused oils, and has continued to introduce new products including oatcakes and a salad dressing.
Although successful, Gregor’s business has had to overcome obstacles in order to continue to thrive. The pressure mounted due to last year’s very wet growing season but Mackintosh of Glendaveny was able to overcome this set back and continue to produce the same quality product to its customers.
At the start of 2012, Gregor embarked on an expansion plan to improve his business, he received a Growth Fund Accelerator Loan of £25,000 from the Youth Business Scotland programme alongside a bank loan and a grant from the local authority. He has now created new offices at his factory, opened a rapeseed store and bought an olive oil bottling plant from Italy.
Gregor has worked incredibly hard and his business Mackintosh of Glendaveny has become the largest rapeseed oil producer in Scotland, offering customers a healthier cooking alternative to olive oil.
Guests at the prestigious event heard from Michael Stewart of Alexander Dennis Ltd who talked about how they had grown the business. An update on the successes of the four businesses who won awards at last years’ ceremony was also given.
The evening was rounded off by a hot supper at Glasgow’s oldest bar and restaurant Sloan’s and a raffle held in support of The Prince’s Trust with prizes donated by businesses that have been supported by Youth Business Scotland.