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Durham Distillery secures £250k to boost production
Durham Distillery has received £250,000 (US$338.5k) from an investment group to help increase production capacity and support the launch of its first whisky.
The £250,000 investment will help to support the launch of Durham Distillery’s first whisky
Founded in 2014 by former NHS chief Jon Chadwick, the North East distillery produces gin, vodka and gin-based liqueurs sold under the Durham Gin and Durham Vodka brands.
The investment will allow the business to relocate to central Durham to accommodate greater production capacity and storage facilities. The new site will also include a new visitor centre, which will provide guided distillery tours and host private and corporate events.
The Finance Durham funding will also support the launch of Durham Whisky, thought to the first whisky in the north east of England, which will be produced by head distiller, Jessica Tomlinson.
The first bottles will be available for purchase in 2021, and customers can pre-order their bottles from the first batch distilled later this year.
The investment was part of the Finance Durham fund managed by Maven Capital Partners to support the growth of high potential businesses located in, or looking to relocate to the county.
“It has been a fantastic process working with Maven’s local team, which has a long-standing experience in assisting start-ups like ourselves go from strength to strength,” said Chadwick. “Maven took time to understand our business and our particular needs thoroughly, tailoring the investment to support our growth strategy.”