Isle of Harris Distillers gets £1.7m investment

Other: Business

Fledgling Scotch single malt producer Isle of Harris Distillers is to invest £1.7m in growing its business and maturing whisky stocks after receiving a financial package from HSBC.

Established in October 2015, the company already employs 30 local people, and expects to bottle its first single malt whisky, The Hearach, from late 2020.

It has also produced a gin to support the funding of whisky stocks, the sales of which have surpassed expectations.

‘We hope with the wider availability of the single malt we’ll see the business grow and also attract even more tourists to the distillery and Harris,’ said Neal Tully, relationship director at HSBC.

‘HSBC recognised our mission to be a catalyst for economic growth for the island and to create even more sustainable jobs for local people,’ Simon Erlanger, managing director at Isle of Harris Distillers, added.

‘We’re committed to Harris, whose water, weather and people are integral to the overall production of our high-quality spirits.’

The money came from HSBC’s national £10bn SME fund, £500m of which is earmarked for Scottish firms in a bid to rebalance the economy outside London.

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Richard Woodard