Innis & Gunn crowdfunding campaign tops £2m

Scottish brewer Innis & Gunn is well on the way to building the largest major brewery in Edinburgh for over 150 years as it’s ‘Beer Money’ crowdfunding campaign sails past the crucial £2 million mark.

Innis & Gunn crowdfunding campaign tops £2m

Over 1,200 investors have pledged their support to the brand so far as it seeks to raise a total of £3m to help fund the construction of the brewery.

The new brewery, the location of which is due to be announced shortly, will bring all production and packaging in house, simplifying the current outsourced model and reducing costs, while simultaneously reducing the company’s carbon footprint.

It will also create around 30 jobs and give Innis & Gunn the opportunity to offer brewing services to others for the first time, with doors set to open in 2021.

The brewery is projected to cost around £20m, with a £15m loan also being progressed, subject to due diligence.

Dougal Gunn Sharp, founder and master brewer at Innis & Gunn, said: “Huge thanks to our investor community for helping us reach this crucial stage in our Beer Money crowdfund campaign.

“Our ambition to put Edinburgh back on the brewing map is now well advanced, and we have our amazing investors to thank for that. We’re also delighted that discussions are progressing with our preferred lender for the loan to build the main brewery structure.

“There’s never been a better time to join us, and having your name on the biggest brewery Edinburgh has seen for over 150 years is an opportunity that’s just too good to miss. So, if you want to be part of brewing history, head over to the Seedrs site where you can invest from as little as £20.”

In the three years since its last crowdfund Innis & Gunn has grown to almost 21 million pints and increased turnover to over £25m.

Growth has accelerated through the launch of its award-winning Lager Beer which in 2018 grew by nearly 40%; it is the most valuable craft beer in bars and supermarkets in Scotland with a market-leading rate of sale. Innis & Gunn Lager accounts for 3 of every 4 craft lagers sold in Scottish supermarkets.

Innis & Gunn is also the number 8 take-home alcohol brand in Scotland.

The brewer’s flagship beer Original represents around a quarter of our volume but around one-third of turnover, thanks to its premium position and international footprint. It is Innis & Gunn’s lead international beer and has found acclaim and success in a great many export markets thanks to its multi-award-winning taste, premium positioning and unique qualities.

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