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