GlenWyvis Community Share Offer hits stunning £2.25 million investment!

13th Jul 2016

The world’s first community-owned carbon neutral distillery to make history in the small Highland town of Dingwall

GlenWyvis and Community Shares Scotland have hit the £2.25 million in a remarkable effort to raise investment for the world’s first community-owned distillery project in Scotland.

GlenWyvis distillery project is putting Dingwall back on the World Whisky map for the first time in 90 years, as it lands on the £2.25 million crowdfunding mark, making it the biggest community share offer in the UK.

With well over 2120 investors from over 30 countries, Founder John F. McKenzie, GlenWyvis Community Benefit Society said: “We hoped for £1.5 million, we were delighted when we hit £2 million and reaching £2.25 million so quickly really does underpin our ambition to make whisky history in Dingwall.

“We have a huge following locally and this has been borne out in pledges with over 900 local investors getting behind it – making it a community-owned distillery without a doubt. The distillery will bring employment, added tourism focus on the North Coast 500 and put Dingwall on the World Whisky map.

“Team GlenWyvis has worked hard to raise awareness across Scotland, UK and beyond and this has paid off. It really is history in the making and we are delighted to be able to say we will be reintroducing craft whisky distilling back to the Dingwall area after a gap of 90 years.

“We opted to extend our target date to meet demand and we would like to thank all of our investors as well as our GlenWyvis and Community Shares Scotland teams who put in a huge effort to make

Community Shares Scotland, Programme Manager, Kelly McIntyre added: “This has been an amazing project right from the start with interest from individuals globally, business, media and international organisations and really goes to show that community enterprise is hugely popular both in Scotland and around the world.

“The GlenWyvis community share offer is a bright shining light showing just what can be achieved in such a short period of time. Undoubtedly there is an appetite for community ownership in Scotland and another terrific example alongside our Portpatrick Harbour community share offer success last year.This should give community projects the impetus to take the next step and make their plans a reality”.

The GlenWyvis Community Share Offer will close when either £2.25 million is reached or 12pm 8th July whichever comes first.