Isle of Harris Distillers gets £1.7m investment

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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.

About Author

Richard Woodard

A trained newspaper journalist, Richard Woodard has been writing about wine and spirits since 2000, including stints as editor of Wine & Spirit International, The Drinks Bulletin and The Spirits Business. He is a regular freelance contributor to a wide range of trade and consumer drinks magazines and websites, including Imbibe and sister title Square Meal, and is currently involved in the imminent launch of scotchwhisky.com, a new website devoted to Scotch whisky.

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