Payments from £3m cash call
Innis & Gunn unveils first BeerBond payments
Innis Gunn, the craft brewer, has revealed details of its first “BeerBond” payments a year after raising £3 million from customers.
The Edinburgh-based company says 1,105 investors bought BeerBonds ranging from the minimum £500 investment to more than £100,000.
It will pay out £211,500, with hundreds of investors opting to take their return in BeerBucks, redeemable in beer at Innis & Gunn’s online shop
The first tranche of investors received their payment last Friday, and the second tranche will receive theirs on 12 August.
Launched last year, Innis & Gunn’s BeerBond™ campaign sought to raise £3m, by offering a four-year, fixed-term bond.
- Interest rate of 7.25% for investments of £500 or more
- Investors could also opt for the equivalent of 9% interest in BeerBucks vouchers
- Capital raised by the BeerBond mini-bond programme enabled Innis & Gunn to acquire The Inveralmond Brewery in Perth in April this year, embarking on significant investment to support its innovative brewing processes and continue its reputation for experimentation with ingredients and flavours
As a thank you to all the BeerBond investors, a mural will be created on the brewery wall bearing all investors’ names.
Additional beer tanks will be added to the brewery to facilitate the expanded production volumes and also to supply the growing number of Innis & Gunn Beer Kitchen retail outlets, already open in Edinburgh and Dundee, with tank Innis & Gunn Lager fresh from the brewery.