#WeInvested update – Innis & Gunn
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We catch up with Innis & Gunn and take a look at what they’ve been up to since they raised with us.
Small business owners and investors know that once a project is funded on our platform the exciting journey towards expansion and business growth is just beginning. We regularly catch up with the hard-working entrepreneurs who have successfully raised funds with CrowdBnk, to keep our investors informed and provide inspiration to other SMEs.
This week we spoke with Innis & Gunn, the Scottish beer company, to find out how they’re doing since hitting their crowdfunding targets.
Innis & Gunn
Innis & Gunn is a leader in the global craft beer movement with a world-wide customer base. By raising just over their target of £3,000,000.00 in August 2015, they planned to bring brewing, barrel maturation and bottling of their craft beers all under one roof with the purchase of a site in South-East Scotland.
We had the pleasure of hearing from Tony Hunt, Chairman of Innis & Gunn, the award winning Scottish brewery. He gave us an update on all the business’s successes since they raised with us 12 months ago.
“We’re investing in this excellent craft brewery so we can make the next generation of innovative Innis & Gunn craft beers there, as well as developing the Inveralmond portfolio which includes gems such as Ossian golden beer.”
Tony also told us that “because the former owners and all the brewery staff have continued working at the distillery, we’ve not only acquired a brewery and some excellent beer brands, we have also acquired some additional great brewing skills.”
2015 was a year of considerable achievement for Innis & Gunn. For the 12th consecutive year volume increased, meaning they’ve grown by a remarkable 140% in a four-year period.
In 2016 volume is continuing to grow. Tony explained how they have restructured the USA operation enabling them to increase our geographical footprint without increasing overheads. At the same time, Innis & Gunn have set-up a joint venture in France which is rapidly becoming their fifth largest market.
Innis & Gunn’s first-ever bar-restaurant, The Beer Kitchen in Edinburgh, celebrated its first birthday this year by winning “New Casual Dining Concept of The Year Award” against UK-wide competition. Following this success, they opened The Beer Kitchen Dundee in March 2016 (and celebrated by making Dundee Innis & Gunn marmalade). Excitingly, Tony revealed they will be rolling-out the concept in new sites across Scotland and England in 2016/17.
The star-turn this year though is Innis & Gunn’s craft lager. They believe this beer is on track to overtake imported lager brands and become the leading premium lager in Scotland. But as Tony proudly told us, “We do not think this beer is only going to appeal in Scotland. We began the year having won a gold award and the ranking ‘Exceptional’ in the Chicago World Beer Championship.”
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