The Dingle Distillery, the craft spirits producer, is launching an investment drive to scale up its production.
It is using the Employment and Investment Incentive Scheme, which allows individual investors to obtain income tax relief to raise the capital.
The move comes as the Irish distillery expects to sell 250,000 bottles of their gin this year, up from 100,000 last year.
During 2018, the company plans to double the production of all its gin, whiskey and vodka as well as expand aggressively in the North American market. There are also plans to develop a state-of-the-art visitor centre at the distillery in Dingle.
A newly installed gin still is expected to go into production early next year, whilst plans to launch its next release, Batch No.3 Single Malt are scheduled for March 2018.
Co-founder and managing director of The Dingle Distillery, Liam LaHart, said: “The only problem we have had is producing enough whiskey, gin and vodka to meet the demand that’s out there. Gin has really taken off in the last two or three years and Irish whiskey is now the fastest selling spirit in the world.”
In 2012, the independent company opened Ireland’s first purpose built distillery in over 100 years.
It was founded by Oliver Hughes, Liam LaHart and Peter Mosley following the success of their subsidiary brand, The Porterhouse Brewing Company.
This month (November) the distillery is releasing two new limited edition whiskies – Batch No.2 Single Malt and its first Pot Still Whiskey.
“These new releases show an incredibly interesting opportunity for us. It is the first time we have been able to showcase multiple whiskies showing different flavours amongst each of the releases,” said Elliot Hughes partner at The Dingle Distillery.
Its spirits have won numerous accolades. In October 2017 it picked up Double Gold at The Irish Whiskey Awards 2017, for Best Irish Gin and Best Irish Vodka.