Less than two and a half years after securing £178,800 through its equity crowdfunding campaign on Crowdcube, gluten-free brewing company, Bellfield Brewery, announced it raised £430,000 through its latest funding round, which was supported by Rod Mathers, Corporate Finance Partner and his team at Henderson Loggie Chartered Accountants along with Jo Nisbet, Associate and the Corporate team at law firm, Harper Macleod.
As previously reported, the craft brewery is on a mission to make Gluten Free (GF) beers and lagers that taste as good as any craft beer. The startup considers itself UK’s first dedicated gluten-free brewery and is seeking the funds so that it can continue to expand and provide more retailers with their brews.
“Coeliacs (pronounced see-liac) have a serious autoimmune disease caused by an allergy to gluten. Many other people actively avoid gluten. That means you can’t eat normal bread, pizza, pasta, crisps, tortillas, ready meals, sauces, pastry, pies, soya sauce or chutneys – and the list goes on. Nor can you drink beer. For passionate beer drinkers who have to avoid gluten, it’s tough being denied one of the great joys of life! From our research the number of dedicated gluten free breweries in the world can be counted on the fingers of one hand (there are dedicated GF breweries in the US, Australia, Finland and Canada but none in UK – yet). We plan to join this elite group, producing beers and lagers that will be produced in small batches, using traditional brewing methods combined with non-traditional ingredients: a combination of art and science.”
Speaking about the funding round, Director of Bellfield Brewery, Marie Brown, stated:
“We already know from our first year in business that there is considerable demand for our products in the UK and beyond. We’ve already delivered on our ambition to produce beer that stands up to anything in the market and we’ve secured listings with many of the leading food & drink distributors and wholesalers in the UK. We will now invest to grow our sales and operational team to build on the opportunity and grow our range of beers.”
Meanwhile, Bellfield Brewery revealed it has recently started working intensively with Scottish Enterprise as part of its account management process. Kerry Sharp, Head of the Scottish Investment Bank, added:
“Having supported Bellfield via our Financial Readiness service, it is great to see the business raising the funds required to implement its business plan. Food and drink is a key sector for Scottish Enterprise and we look forward to continuing to work with the company, both from an investment perspective and through our account management support, to deliver its long term growth ambition.”
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