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Holyrood Distillery gains £2m funding
Edinburgh’s Holyrood Distillery has secured more than £2 million (US$2.5m) in funding to support its global expansion plans.
Wine and spirits investment platform Ferovinum provided the funding package to Holyrood, which produces Scotch whisky, gin and rum in the centre of Edinburgh.
The capital will be used to fund new fill casks and transport cased goods to overseas markets.
The Edinburgh-based distiller has a ‘busy programme’ of new releases and is aiming to take its products to new markets.
The distillery’s managing director, Huw Wright, said: “Ferovinum has allowed Holyrood Distillery to unlock future plans earlier, with ease and speed. The Ferovinum team go above and beyond to be true partners, finding solutions to any hurdles that arise.
“Holyrood Distillery has some ambitious plans in place so we require partners who can keep up, see the vision and enhance it. This is exactly why Ferovinum was chosen and asked to come on board, and we are thrilled that they have agreed to come along on this exciting journey with us.”
Holyrood released its inaugural whisky last year, Arrival, which was one of the first single malts to be produced in Edinburgh in a century.
The distillery was founded in July 2019 by Canadian couple Rob and Kelly Carpenter, and David Robertson.
Holyrood’s Mexican new make spirit was named one of our top 50 most innovative spirits launches of 2023.
The distillery’s Elizabeth Yard – Traveller Distillery – Ungrogged American Oak No 1 Char Octave was also named last year’s Rum & Cachaça Taste Master.
Funding platform Ferovinum was established in 2018 to initially focus on backing the UK’s wine sector. It expanded into spirits in 2022.