Isle of Harris Distillers gets £1.7m investment

Richard Woodard

12 September 2017

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.

Related articles

Spirits & Cocktails

Isle of Raasay Distillery to open its doors in September

In a few short weeks, the 'first' legal whisky distillery will open on the small Hebridean island of Raasay.

Spirits & Cocktails

R&B Distillers introduces barley variety trial on Raasay

You may already know that R&B Distillers is in the process of building its first legal distillery on the Isle of Raasay.What you might not know, is th

Spirits & Cocktails

New whisky producers seek investment

With so many new and excited whisky producers, three years is looking like a really long time to wait for a whisky to mature.

Spirits & Cocktails

Lew Bryson on America's new wave of small-batch whiskey distillers

There’s been an explosion of interest in small-batch distillation in the US.