Gloucester Brewery has reached its £500,000 crowdfunding target

Gloucester Brewery has cause to celebrate after reaching its £500,000 crowdfunding target to fund its ambitious expansion plans – which could lead to a Cheltenham bar.

Just over a month after it launched its crowdfunding bid for investment, Gloucester Brewery has achieved its £500,000 target.

It comes as more good news for the independent brewery, which expanded its presence at Gloucester Docks in September 2021 with the launch of its new waterside bar, Warehouse 4.

The funds will be used to continue to develop the new waterside venue, which fronts its Fox’s Kiln Distillery, with plans for a ‘portfolio’ of bars across the region – including one in Cheltenham.

Investors may have been enticed by Gloucester Rugby owner Martin St Quinton’s investment in the business, as well as investment from its chief executive officer, Lance Bradley – with the Kingsholm club now also stocking its beers, too.

Jared Brown, founder and managing director of Gloucester Brewery, said: ‘Today we have reached our £500,000 target. We are absolutely over the moon. I would like to say a big ‘thank you’ to everyone who has got involved. Welcome to the family.’

He added: ‘We want to establish ourselves as one of the leading independent eco-friendly breweries and distilleries in the UK by producing high quality, progressive beers and spirits.’

Despite the challenges faced by the industry throughout the Covid-19 pandemic, Gloucester Brewery recorded a ‘very strong financial performance’ over the last 12 months.

In August 2021, revenue was 612 per cent up on January 2021; and in October 2021, it was up 140 per cent on October 2020.

By Andrew Merrell

Follow SoGlos on LinkedIn and sign-up to the weekly SoGlos business newsletter for the very latest Gloucestershire business news stories.

© SoGlos
Friday 10 December 2021

More news you might like...

750 children a day attend Atlas Camps during the school holidays in Cheltenham, Gloucester, Stroud and the Cotswolds – with its new Tewkesbury venue opening this summer.

Gloucestershire’s biggest kids’ camp provider opens 23rd venue

Popular holiday camp provider, Atlas Camps, is opening a brand-new base in Tewkesbury – its 23rd new venue in just 10 years...

The SoGlos networking event, staged in partnership with Cheltenham accountants Crowe, was held at Ian Coley School of Shooting.

Gloucestershire businesses gather for a networking day with a difference

Bosses from some of Gloucestershire’s most exciting companies came together to lock horns – in a friendly fashion – at a networking...

Little Amal’s visit to Cheltenham in June 2022 was supported by crowds of thousands.

Little Amal's walk in Cheltenham

Little Amal, the iconic giant puppet who walked from Syria in support of refugees, walked through Cheltenham for the New Steps,...

The Queen’s Baton Relay route through England has been revealed – and it includes Gloucestershire!

The Commonwealth Games Baton is coming to Gloucestershire this summer

The official Queen’s Baton Relay, which celebrates the Commonwealth Games in Birmingham, is passing through Gloucestershire,...

Dave Townsend was inspired to create BallTrace after his daughter hit a tennis ball into another court and couldn’t identify which one was hers.

Cheltenham dad’s tennis ball invention comes just in time for Wimbledon 2022

A new marking kit created in Gloucestershire stops tennis balls being lost during practice.

Don’t miss

Unmissable highlights