The Cotswolds Distillery announces a plan to increase production of its English whisky and gin with new support from Santander UK. The distillery's goal is to increase its annual alcohol production from 125,000 liters, to 500,000 liters.
The Cotswolds Distillery is hidden amongst the rolling beautiful hills, in a derelict barn in, big surprise, the Cotswolds. Born from a dream to produce delicious spirits in one of the most beautiful parts of the English countryside. The Cotswolds Distillery was established in 2014, and is one of the few distilleries producing English whisky. It began with a man named Dan. Born in New York, Dan moved to the Cotswolds after working in finance in London for many years. Wanting to leave the hectic city life for the quiet and picturesque countryside Dan found himself settling with his family in the Cotswolds. After a little while Dan grew bored and he desired to start a new business. Dan being a whisky connoisseur had an idea to combine his love of whisky with desire to start a new business. Looking around in the countryside he saw acres of golden barley and that's when it all came together. A short while later having found a derelict site near his house, he set about building a distillery and a team to run it, and the doors of the Cotswolds Distillery opened in July 2014.
Fast forward to today Santander UK has funded the Cotswolds Distillery with a £3m funding package to help with liquidity allowing the distillery to lay down more stock to meet future demand expectations. In addition Santander UK is helping drive the Cotswolds Distillery export strategy to grow existing export sales to double what they are today. All of this is ultimately working towards the goal of reaching a £25m turnover by 2030.
This is not the first time that the Cotswolds Distillery has raised money. In January 2016, the Distillery crowd funded an initiative on CrowdBnk with the aim of raising £500,500 for expansion of the business. They ended up raising a total of £1,001,000 in seven weeks. Then again in June 2018, £3 million was raised in another crowdfunding campaign on Crowdcube for a visitor center. Lastly in January 2020, the company raised £1 million.
In short we can expect great things to come out of the Cotswolds Distillery and this new funding has ensured financial stability, growth, and success for the coming years.