Gluten-free brewer launches £500,000 funding bid

Drinks: Beers
Location: Scotland
Other: Business

Scottish micro-brewery Bellfield is aiming to raise £500,000 through a funding drive, after what it has described as a successful first year of trading.

Based in Edinburgh, Bellfield has billed itself as the UK’s first dedicated gluten-free micro brewery. It is hoping to raise the cash through a combination of equity, grants and loans, to fund expansion.

The money will be used to employ the existing operational team on a full-time bases, strengthen sales and management teams, and recruit new account managers to help grow the brand in the UK and internationally. New recipes and packaging formats, such as cans, are also planned.

Brewer and head of business development Kieran Middleton, said: ‘There is considerable demand for our products, and [we’ve] delivered on our ambition to produce beer that stands up to anything in the market.

‘Having also secured distribution agreements with the leading food and drink distributors and wholesalers in the UK we now need to capitalise on this opportunity by growing the sales and operational team and extending our range of beers.”

The brewer raised £180,000 in 2015 through the crowdfunding platform, Crowdcube. A number of the larger investors from this initial round are already committed to further investment, it said.

The raise is being supported by the Corporate Finance team at Henderson Loggie Chartered Accountants and legal advisers, Harper Macleod.

About Author

Claire Dodd

As a freelance journalist, Claire has written about pretty much any topic you can imagine, from which are the best sausages, to how to flood-proof your home. However, her writing on drinks began when she landed a job as a features writer for the Publican magazine in 2007. Adjusting to a lifestyle of sampling the best drinks from around the world was tough, but someone had to do it. Having left the title in 2011, today Claire focuses on drinks and travel writing for both consumer and trade titles. Aside from searching the globe for the best drinks, and the nicest spots to consume them, she also judges global brewing competitions and keeps an eye on the business moves of the on-trade.

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