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Investors pledge £1.5m to Isle of Harris distillery

 
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Quaich1
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PostPosted: Thu Jan 03, 2013 1:05 am    Post subject: Investors pledge £1.5m to Isle of Harris distillery Reply with quote

"TWO new investors, one from Asia and the other from the UK, have pledged a total of £1.5 million of equity funding for the proposed £10m project to build the first-ever legal Scotch whisky distillery on the Isle of Harris".

See the whole article:

http://www.heraldscotland.com/business/company-news/investors-pledge-15m-to-isle-of-harris-distillery.19729215
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Big Mac
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PostPosted: Thu Jan 03, 2013 2:01 am    Post subject: Reply with quote

Quite a long term investment as it would be quiite a while before investors see any significant profit but i hope it works out as it creates jobs where they are needed and we will get another single malt.

I wonder what character of whisky they will go for,we could certainly do with more competion for the big peated malts.
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Bookie
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PostPosted: Thu Jan 03, 2013 2:04 pm    Post subject: Reply with quote

I am sure there is room in the market for another big peaty whisky, i would certainly welcome one.
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Soggy Kilt
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Joined: 06 Dec 2012
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Location: Moray, Scotland / London

PostPosted: Fri Jan 04, 2013 3:50 pm    Post subject: Reply with quote

I was just reading about this, i particularly liked these parts:

"Unlike some larger distilleries, it intends to mature and bottle the whisky on the island rather than ship it out to mainland bases for the finishing process, in a bid to create extra employment on Harris."

"Over 100,000 bottles of the Harris malt could be produced annually using freshwater from lochs around the North Harris mountains."

"Initially barley would be imported from the mainland but there are also plans to create close ties with crofters through a not-for-profit entity, the Harris Maltings, to encourage the growing of suitable strains of barley and offering a ready local market for the crop."

http://www.hebrides-news.com/harris-distillery-10512.html

And an amazing pic of Harris from this years landscape photography of the year comp.

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Fergie
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PostPosted: Fri Jan 04, 2013 10:57 pm    Post subject: Reply with quote

Bookie wrote:
I am sure there is room in the market for another big peaty whisky, i would certainly welcome one.
There is always room for another distillery, especially one producing a big peaty malt, if they decide to go for that style.

Great pic of Harris Soggy Kilt
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