A distinguished distillery nestled in the scenic coastal town of Whitby has embarked on an ambitious journey towards growth, sustainability, and community involvement with the initiation of its fundraising campaign. Revered for its exceptional gin creations, Whitby Distillery aims to secure £400,000 through equity fundraising via Seedrs, a prominent platform for such endeavours.
The entrepreneurial minds driving the distillery see this campaign as a crucial step towards fostering sustainable growth across various aspects of their business, including trade, retail, tourism, and exports. Since its establishment in 2017, the distillery has earned a reputation for excellence, with its gins receiving numerous accolades, including the prestigious Best British London Dry Gin award at the renowned World Gin Awards.
The appeal of becoming a part of Whitby Distillery’s journey extends beyond mere financial investment. Investors stand to benefit from the Enterprise Investment Scheme (EIS), offering a 30 per cent tax relief for eligible participants. Expressing enthusiasm for the campaign, a spokesperson remarked, “Our equity fundraising campaign on Seedrs will involve selling a small portion of the business through shares to our customers and the public. We believe this presents a fantastic opportunity to be involved in our flourishing business, which has demonstrated sustainable growth year after year and holds tremendous potential.”
Central to Whitby Distillery’s expansion plans is the revitalisation of two dilapidated barns at Abbey Lands, situated on the picturesque grounds of Whitby Abbey. With planning permission secured and a 100-year lease in place, the distillery is poised to create an iconic visitor experience that seamlessly blends heritage with contemporary craftsmanship. Emphasising this vision, another spokesperson stated, “The establishment of our distillery and visitor centre will mark a significant turning point for us, elevating our brand presence across the UK, expanding our reach, and inspiring innovation in crafting new spirits and products that will make a lasting impression.”
Beyond commercial objectives, Whitby Distillery’s initiative resonates deeply with its commitment to environmental sustainability and community rejuvenation. The forthcoming eco-friendly distillery and visitor centre symbolise a substantial investment in Whitby’s future, promising to inject vitality into the local economy. Underscoring this commitment, another spokesperson highlighted the distillery’s role as a catalyst for positive change: “Our new eco-friendly and sustainable distillery is a sincere commitment to Whitby. We are making a significant investment in the local community and the town’s future.”
As Whitby Distillery embarks on this transformative journey, it invites investors and enthusiasts alike to join hands in shaping a future characterised by innovation, heritage preservation, and sustainability. With forecasts indicating a flourishing gin market in the UK, the distillery’s expansion initiatives are poised to generate substantial returns, both commercially and culturally. The appeal of owning a stake in Whitby Distillery transcends financial incentives, encapsulating a spirit of community, creativity, and enduring legacy.
In the years to come, as the vision of an iconic distillery on the rugged North Sea coastline materialises, Whitby Distillery is poised to leave a lasting imprint, seamlessly blending tradition with innovation and prosperity with preservation. As investors rally behind this burgeoning enterprise, they partake in a journey that extends beyond commercial interests, embracing a shared vision of growth, sustainability, and community empowerment. Whitby Distillery’s fundraising campaign heralds not just an investment opportunity but a testament to the enduring spirit of enterprise and the transformative power of collective endeavour.
