Quantock Hills brewery uses crowdfunding to raise investment money

By Richard Siddle

Published: 04 July, 2013

A local craft brewery, Quantock Hills in Somerset, is the latest drinks company to use a crowdfunding scheme to raise money to invest in its business.

By running a crowdfunding scheme with Crowdcube it means
129 people are now part owners of this award-winning brewery that has been creating real ales using traditional craft brewing techniques since 2007

The brewery's founder, Rob Rainey said: "In the past getting money to grow the business has been a tedious process using traditional routes and it's so refreshing to discover crowdfunding. We are delighted that the bid has attracted so much interest that we've ended up with an extra £20k and a great loyal following. This will help us to expand the brewing capacity and our sales and marketing territory. We have initial enquiries for retail and export which are exciting opportunities."

Luke Lang, co-founder of Crowdcube added: "Food and drink is one of the most popular sectors on our platform, accounting for £4.1 million and 18 out of the 56 funded pitches since 2011. And of this, drink alone represents about 75% with £3.2 million. I think this reflects the nation's appetite to support exciting upcoming British food and drink brands."

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