Arran Brewer’s and Scotland’s first Sake brewery took a step closer to being a reality when North Ayrshire Council planners today issued building warrants for the Project.
Arran Brewery will now run a second round of crowd funding to finance the project and will be submitting an RSA application to the government for funding of this ambitions project.
The Arran View Brewery will house Arran Brewery’s bottling plant, including canning, kegging and casking not only for Arran Brewery’s beers but also for third party breweries in Scotland.
As well as the Sake Brewery independent research facilities will be available to undertake statutory testing for both the Scottish brewing and distilling industries.
The project is now what they call “shovel Ready” that is to say ready to go once funding is finalised.
Arran Brewery plans to use the same advisory team as in their previous successful round of crown funding: HBJ Gateley providing legal advice, BDO accountancy, Magarch providing regulatory compliance and Computershare dealing with the share administration.
Gerald Michaluk Managing Director said: “We are extremely busy with the completion of Arran’s Loch Earn Brewery, Hotel and Visitor Centre in St Fillans Perthshire. We are negotiating a deal to use local Perthshire barley and as the temperature rises we can finally lay the concrete floors we have been waiting to do since November. This will be our first venture into Craft Lager and Craft Cider and we are very excited.
The funding of the project at Loch Earn has been through the Bank of Scotland and we are confident that, if we raise enough through grants and crowd funding, the bank will also support the new developments at Dreghorn in North Ayrshire.
We anticipate shares will be available to purchase from early May. Full details will be published in the offer documents. However, as a responsible company we will be screening potential applicants for shares by questionnaire to ensure they understand fully the risks inherent in this kind of investment, if they are not “sophisticated investors”. If you don’t know what that means chances are you are not one, in which case we will be advising only a limited number of shares are purchased and recommend that no one invests more than 10% of their net investable assets in this venture.”.