Chancellor Philip Hammond popped in to see Love Lane Brewery hot on the heels of the freeze on alcohol duties coming into effect, and it was the perfect opportunity for him to see a company that utilised EIS to drive over £5 Million investment in a brewery, business and jobs in the North West.
Set up by Stephen Crawley, who successfully ran Caledonian Brewery in Edinburgh, Love Lane Brewing aims to put itself firmly on the map following a significant brewery investment with the capacity to supply across the North West and further afield as the business grows. The development in Liverpool’s booming Baltic Triangle, houses the brewery, a gin distillery, and a retail business, Love Lane Brewery Bar & Kitchen. The company also runs tours showcasing the brewery and distillery.
“We are an ambitious start up with clear development plans” said Stephen. “Our current crowdfunding campaign (https://www.seedrs.com/lovelane) has seen enthusiastic interest from those that love all things Liverpool and, of course, Love Lane. As a returning local, I am very pleased that our shareholders chose to invest in the proposed regeneration project, providing jobs and opportunities for the talented people who live here.”
“The visit from the Chancellor enabled us to showcase all areas of the business, explain our expansion plans for Love Lane, Higson’s and The Ginsmiths of Liverpool gin range, as well as request continued support from the government to enable new businesses to develop and grow. Understandably the complexities of the small brewers relief, whilst crucial in assisting small operators, is a delicate balancing act that needs to ensure it does not stem growth. We need the government to support us in this challenge whilst helping UK brewers gain fair market share without being penalised for growth.”
On visiting the Love Lane Brewery, Philip Hammond said, “Figures show that, in the North West alone, the beer and pub sectors generate around £2.6 billion of value and supports nearly 110,000 jobs in the region. Britain’s success has been built on innovation and entrepreneurial activity, and the North West has always been at the heart of this. This means that whether you are setting up a new micro-brewery or making strides in tech innovation, the government is fully behind you and is invested in your success.”
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