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Holyrood
Distillery launches a £5.5 million fund
raising drive to help fund the balance
of their ambition.
Have you got a spare £5.5 million
burning a hole in your pocket and you do
you fancy being part of Edinburgh's
first Scotch whisky distillery in 90
years?
Following on from being granted
planning permission from the City of
Edinburgh Council last year the folks
behind Edinburgh's planned Holyrood
Distillery are now seeking investors for
the the project and have launched a £5.5
million funding drive to help fund the
balance of their ambition to create a
distillery and visitor centre, spanning
11,969 sq ft, in the heart of Scotland’s
capital which they plan to open to the
public next year.
The Holyrood Distillery is a joint development by David Robertson, former Master Distiller for The Macallan, and Rob and Kelly Carpenter, founders of the Canadian branch of The Scotch Malt Whisky Society. It will be Edinburgh’s first single malt whisky distillery since Glen Sciennes
closed in the 1920s.
They
are now attempting to raise funds to
take the project forward by offering UK
investors the opportunity to invest in a
brand new single malt whisky and spirits
distillery which will see malt
distilling brought back to Edinburgh for
the first time in 90 years.
The
plan is for the distillery to produce a
range of single malts, gins, liqueurs
and other spirits. The folks behind the
plan say they will have an
innovative approach to ingredients,
distilling processes and maturation
which will set Holyrood apart from more
traditional approaches.
The planned visitor centre - Holyrood's
‘Home of Flavour’ – will provide an
immersive sensory and educational
experience aimed at enlightening and
delighting its visitors as they explore
the world of flavour.
Distilling of Holyrood whisky is
scheduled to begin in late 2018, with
the first Holyrood Distillery whisky
being available to buy as early as 2021,
but only if they meet the distillery’s
quality standards. Holyrood's ‘flavour
first’ focus will be brought to life
early in 2018 with prototype gins and
liqueurs for test marketing. Products
will then be produced ready for the
distillery opening to the public later
in 2018.
Rob
Carpenter, Managing Director, Holyrood
Distillery said: £We feel truly
fortunate to have the opportunity to be
part of bringing single malt distilling
back to Edinburgh after far too long an
absence. Kelly, David and I all love our
spirits and we’re incredibly
enthusiastic about making flavour-filled
single malts, gins and other cool
tipples as well as creating an
experience which allows our visitors to
truly immerse themselves in the world of
Holyrood. We are confident that by
placing a working distillery in the
heart of Edinburgh’s capital, with the
visitor numbers and cash flow that is
expected to provide, we are creating
something that is quite different from
the typical distillery start-up."
When
I asked the folks behind the Holyrood
Distillery for some details regards the
investment already in place and what
future investors will receive for their
investment, Rob Carpenter replied
saying: "The founders of this unique
project have invested over £500,000
covering the completion of building
design and the achievement of planning
approval from the City of Edinburgh,
thereby reducing the risk to potential
investors. The visitor numbers and
cashflow resulting from the development
of an urban working distillery in the
heart of Edinburgh’s capital creates an
investment opportunity which is quite
different from the typical distillery
start-up."
They
went on to advise that if anyone
requires more details about investing in
the project and what they will receive for
their investment to contact Johnston
Carmichael, Scotland’s largest
independent firm of Chartered
Accountants & Business Advisers, who are
leading the fundraising for the project.
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