Brewer secures finance package
WooHa to boost US exports after £700k deal
Heather McDonald: ‘increased demand’
WooHa Brewing Company is to increase exports to the US after receiving a £700,000 support package which will enable it to upgrade its facilities.
The brewer, which began trading in April 2015, is buying a 6.2 acre farm in Kinloss in Moray and adding four staff.
The business is forecasting that 80% of its revenue next year will be via exports, with a focus on the US market.
WooHa, which specialises in 100% natural, vegan-friendly beers, has been exporting to the US since January this year.
Founder and owner, Heather McDonald, said: “We have seen an increased demand from the American market for our Scottish beer.”
Susan Rowand, head of business banking in Scotland for HSBC which is supporting the firm, added: “We’re seeing an increase in demand for Scottish food and drink products abroad and the US, in particular, offers a huge opportunity.
“It’s encouraging to see an authentic Scottish business achieve its growth ambitions.”
The finance was allocated from HSBC’s national £10 billion SME fund to actively support UK SMEs – £500 million of the fund is specifically designated to support firms in Scotland.