In total, 1,105 investors bought BeerBonds™ in Innis & Gunn, with individual investments ranging from the minimum £500, to over £100,000. Interest payments total £211,500, with hundreds of investors opting to take their return in BeerBucks, redeemable in beer at Innis & Gunn’s online shop.
The first tranche of investors received their payment on July 15, and the second tranche will receive theirs on August 12.
Launched last year, Innis & Gunn’s BeerBond™ campaign sought to raise £3m, by offering a four-year, fixed-term bond, with an interest rate of 7.25% for investments of £500 or more, and Investors could also opt for the equivalent of 9% interest in BeerBucks vouchers.
The capital raised by the programme enabled Innis & Gunn to acquire The Inveralmond Brewery Limited, in Perth back in April this year, to continue its reputation for experimentation with ingredients and flavours.
As a thank you to all the BeerBond™ investors, a mural on the brewery wall with all their names is set to be unveiled next year following a significant investment to double the capacity at the brewery over the coming six months.
Additional beer tanks will also be added to the brewery to facilitate the expanded production volumes and also to supply the growing number of Award Winning Innis & Gunn Beer Kitchen retail outlets, already open in Edinburgh and Dundee, with tank Innis & Gunn Lager fresh from the brewery.
Dougal Gunn Sharp, founder and master brewer said: “The enthusiastic reaction to BeerBond™ completely blew us away. We are invigorated by their passion and humbled by their belief in our mission to bring great beer to the world through innovation and experimentation. Our new brewing facilities simply would not have been possible without these supporters.”
Innis & Gunn has reported continued year on year volume and sales growth, with an annual turnover of £11.8 million in 2015 – a 29% increase since 2012 and almost doubling its volumes. I
From its headquarters in Edinburgh and the new brewery in Perth, to be called The Innis & Gunn Inveralmond Brewery, the company will continue to expand its scale in the UK and abroad, with a focus on the USA from 2016.
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