Innis & Gunn reaches investment target

Scottish brewer Innis & Gunn has reached its £3 million “BeerBond” investment target to help build a new brewery.

The campaign was launched in April of this year and closed on 16 July having secured funding from 1,113 investors, who have been offered a four year, fixed-term bond with an interest rate of 7.25% for investments of £500 or more.

Alternatively, investors can opt for the “BeerBucks BeerBond” offer whereby investors are offered the equivalent of a 9% gross interest rate per annum which they redeem in beer from the Innis & Gunn online shop.

Dougal Gunn Sharp, founder and CEO of the brewery (pictured), said: “We’ve been blown away by the level of support the bond has received and are over the moon to have hit our target. We’ve always known that our fans and the beer community were enthusiastic about the offer and keen to get involved, but we have been truly bowled over.  It’s now a matter of breaking ground on our site, which we are now in final negotiations to secure.”

The brewery is now in final negotiations prior to building on a new site in south-east Scotland which will create an additional 35 jobs over the next four years.