West Berkshire Brewery extends crowdfunding

Claire Dodd

Claire Dodd

13 June 2016

West Berkshire Brewery has further extended its crowdfunding campaign after reaching its initial £1.5m target, following what it called 'exceptionally high demand'.

The brewer, which is raising funds via the Seedrs platform to build a new state-of-the-art £3m brewery in Yattendon, Berkshire, was due to close its fundraising on 14 June, having already extended its funding period in early June.

It has now raised over £1.7m, with investors able to contribute until 24 June.

The company – which has been steered by veteran pub and brewing entrepreneur David Bruce since he joined the board as chairman in 2013 – also announced it had secured its first London pub, Shillibeer’s in Islington, earlier this month.

West Berkshire Brewery's CEO Simon Lewis said: 'We are delighted to have secured this funding which will enable us to set up and run our new brewery, as well as running the extremely popular Shillibeer’s pub.

'We have huge plans for West Berkshire Brewery and we want to give as many people as possible the chance to join us on our journey, so we have decided to extend our fundraising campaign for a limited time.'

The crowdfunding initiative is part of a wider fundraising project to raise £4m to fund the expansion of the brewery via both the Asset Match and Seedrs platforms. Shares via Seedrs are priced at £3 per share, with a minimum purchase of four shares.

Pictured: Head brewer Will Twomey, CEO Simon Lewis, and chairman David Bruce

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