GlenWyvis Community Share offer nears one million pounds

15th Jun 2016

As GlenWyvis and Community Shares Scotland are moving nearer their bid to create the world’s first community-owned distillery, the community share offer is moving close to £1 million pounds. Momentum is now building towards the target of £1.5m in the final weeks of this unique project – one of Scotland’s largest community share offers to date.

World Gin Day takes place this Saturday, 11 June and the GlenWyvis team will be using it as a platform to attract GlenWyvis gin followers to invest in the distillery.

Working on preparations for the next stage, Founder John F. McKenzie said: “Support has been amazing with nearly 20 countries represented in the investment total to date – really putting Dingwall on the international map. We are marking our £1 million investment with a range of promotions including a banner at entrance to the town and display sign on the distillery site. We are keeping our focus on the big £1.5 million target and so have created additional campaigns to increase interest in investing both here and further afield.”

John added: “We are now launching the “Path to the Stills” element, where people can pay as little as £30 to have their name - or dedicate a name - added to the path leading up to the Stills when the distillery is built. We would like thousands of names for the path as this will not only look incredible but will be a real draw to Dingwall and the visitor centre in the future.

“The Path will start at the bottom of the hill and will run through the front door and finish in front of the two stills called “Glen” and “Wyvis”.  Just prior to opening we will be drawing one male and one female to have their name larger than others and closest to the Stills. It will be an incredible sight and lit up at night and one that adds to our historic links back to Old Ferintosh, the Jacobites at Culloden and of course Rabbie Burns.

“We will definitely be reaching out to our many Scottish Diaspora friends on this front as it will be a legacy pathway in years to come, as people will visit from across the world to visit Dingwall and the Visitor Centre and see their names and those of friends and family.”

The GlenWyvis team will also be offering people whom have already invested, a chance to “make mine a double” from Friday the 17 June allowing people to double their investment to the next level.

Community Shares Scotland, Project Manager, Kelly McIntyre said: “There is no doubt that with the increased knowledge of what “community shares” are -  that projects like the GlenWyvis Distillery and Portpatrick Harbour really catch interest very quickly. A greater desire to understand the workings of their own community and create local employment encourages more people to get involved from the outset.”

Kelly added: “The sheer amount of Interest from the very start has been immense and directed an amazing trajectory of investment set to be a great success. As other community groups and enterprises see this enthusiasm we hope it will inspire them to get in touch and create their own community share projects.”

The GlenWyvis Community Share Offer opened on 16 April 2016 and closes on 24 June 2016. However, the board reserves the right to extend this deadline if the amount raised is close to the total required to proceed.

Details on how to invest in GlenWyvis Community Share Offer along with the Share Offer Notice can be found here