Kingsbarns Distillery Near St Andrews Investment And Funding Home Of Golf TV Episode 47
Posted on 22. Feb, 2012 by Andy Brown in Where To Drink
In this show we talk to Doug Clement from Kingsbarns Distillery about funding the project. Initially £100k was raised for phase 1, in order to find the location, get planning permission and ensure everything was ready for the next phase.
In phase 2 they are now seeking £1.85m so as they can carry out the build work and open the distillery with working capital.
Doug said they are looking to be fully funded in next 2 – 3 months. This would mean work can start in late Spring, and be in a position to distill by end of the end year or at the very latest Spring 2013
Kingsbarns Distillery has had support from Scottish Enterprise with provisional acceptance for a Regional Selective Assistance (RSA) Grant of £150k.
If they can reach £1m in prviate investment, there is a chance of getting the remaining investment from the Scottish Investment Bank.
Thus the distillery will be funded with private equity and government funding.
The distillery will be built from a renovation of East Newhall Farm Steading on the beautiful Cambo Estate.
Golfers will be able to finish their round on the Kingsbarns Links with a trip to a unique “barley to bottle” craft distillery producing single malt single cask scotch whisky as well as a range of non-matured spirits such as gin.
Full planning permission and listed building consent has now been granted by Fife Council.
