Winchester Distillery raises £500,000 to fund expansion
Winchester Distillery has raised close to £500,000 to fund expansion plans.
The crowdfunding campaign closed at more than £100,000 over target with 700 investors on board.
The funds will help with the purchase of equipment to increase production of its premium gins and vodka, while also allowing the team to explore new opportunities for selling the spirits nationally and internationally.
The installation of a brewhouse will also be possible, enabling production of rum and at a later date, whisky.
Additional funds will go towards the creation of an interactive botanical garden at the distillery, the redesign of a website and a rebrand for Winchester Distillery and its spirits ranges.
Founder, Paul Bowler said: “In these uncertain political and financial times we weren’t sure how our crowdfunding campaign would be received, so to close last week not just on target but exceeding it by over 25% was incredible.
"Thank you to everyone who has been involved and who has invested both locally and further afield. We can’t wait to get underway with our expansion plans so we can reach new markets and welcome more visitors at the distillery.”