Bank backs brewery
Fierce Beer raises funds to boost output
Fierce Beer, the Aberdeen brewer, has secured £120,000 to allow it to expand production in response to increasing domestic and international demand.
The funding package from Barclays will help finance the purchase of new bottling and fermenting equipment to replace the hand bottling machine and provide working capital support for growth.
The investment will significantly increase production capacity from 300 to 2,000 units per hour.
Fierce Beer was founded in 2015 by Dave Grant and David McHardy. Looking for a career change after becoming disenchanted with their oil sales jobs, the pair met on a brewing course and united over their love for good quality beer.
Starting out with home brewing kits, they experimented to create unique beer flavours before moving into brewery premises in May 2016.
They initially sold through local craft beer bars and beer festivals, but quickly secured listings with Lidl and Aldi. The company also exports to several markets including Holland, Sweden, Hong Kong and Singapore.
Mr Grant said: “With more and more interest from international buyers, it was vital that we had the infrastructure in place to capitalise on new sales opportunities and meet growing demand.”
Stuart Brown, head of SME Scotland at Barclays, said: “Fierce Beer is an example of the innovative, ambitious businesses that have seen Scotland’s food and drink sector become so renowned across the world.”