The capital injection includes £100,000 from Highlands and Islands Enterprise (HIE).

Established in 2017 and located on the Logie Estate near Forres, Logie Timber is a full cycle timber business.

As well as felling and extracting, the company carries out milling, finishing and production of products such as cladding, decking posts and beams. It also provides professional advice on the use of various timbers and undertakes hardwood planting with end use in mind.

The HIE funding will help towards the costs of purchasing and installing new sawing and milling equipment that will help improve productivity. Two key products, locally sourced hardwood sawn veneer and Douglas Fir and Scots Pine flooring, are the focus of the project.

Improved storage capacity will also enable the company to carry more stock, thereby reducing customer waiting times.

Steve Richards, senior development manager with HIE in Moray, said: “Timber and forestry are major contributors to our regional economy, and important rural employers. Although still a relatively young company, Logie Timber is at the heart of this bigger picture and remains ambitious.

“The company is in a good position to introduce new products, and to help create a very low carbon and highly sustainable industry in Scotland. Through these latest improvements, it will be able to produce Douglas fir and Scots Pine flooring on a large scale for markets around the UK and overseas.

“This will strengthen the company’s status as a key employer of skills jobs in a rural area, and contributor to the local economy. We’re very pleased to be able to provide support and look forward to continuing to work with Logie Timber as they implement their plans.”

Mark Councill, director of Logie Timber, said: “We were delighted to receive the grant from HIE. It makes such a massive difference to us as a small start -company and allows us to more confidently plan for the future and look at other opportunities that we would otherwise not have the equipment and infrastructure to do.”