Whitby Distillery, a rapidly growing brand renowned for its commitment to quality and community, has recently opened its equity crowdfunding campaign to the public. This initiative comes on the heels of a highly successful private funding phase and underscores the distillery’s ambitious expansion plans.
Situated in the beautiful coastal town of Whitby, UK, the distillery has become a beacon of innovation and craftsmanship in the spirits industry.
From Humble Beginnings to National Acclaim
Established in 2017 by Jessica Slater and Luke Pentith, Whitby Distillery has evolved from a modest setup in a utility room into a leading name in the UK spirits market.
The founders’ dedication to provenance and community has been pivotal in shaping the company’s ethos and operations. Their journey of growth is marked by the move to a new location at Botany Way in 2021 and the expansion of their product range, which has significantly enhanced their market presence.
A Phenomenal Start and What Lies Ahead
The distillery’s equity crowdfunding campaign kicked off with a bang during its private launch, reaching its initial funding goal of £200,000 within just three hours. This early success has paved the way for public participation, allowing more individuals to invest and become part of Whitby Distillery’s future. The campaign is hosted on Seedrs, a leading online platform for equity crowdfunding, and will run for the remainder of the month.
Strategic Expansion and Future Goals
The primary focus of the crowdfunding is to support the construction of a new distillery near the historic Whitby Abbey. This expansion is not just about scaling production capabilities but also enhancing the visitor experience, making the distillery a year-round tourist attraction. The new site will also act as a launchpad for introducing new spirits, leveraging the growing UK gin market, which is expected to see a 50% increase by 2028.
Whitby Distillery aims to quintuple its sales over the next five years. The founders envision leveraging multiple channels such as trade, retail, tourism, and exports to drive growth. This ambitious plan is set against a backdrop of a robust commitment to sustainability and local sourcing, ensuring that every bottle of spirit reflects the essence of Whitby and its surroundings.
Join the Journey
Investing in Whitby Distillery offers more than just a financial stake; it’s an opportunity to be part of a community-oriented brand that values every shareholder. Investors can look forward to unique perks such as tour vouchers and private events at the new distillery, making this an engaging and rewarding experience.
For those interested in participating in this exciting phase of Whitby Distillery’s growth, detailed investment information can be found on their campaign page on Seedrs or by reaching out directly to their team via email.
