The Cumbria based distillery, has secured the funding from Comhar Capital, an investment company focused upon providing capital to businesses run by forward-thinking, growth-orientated owner-managers.
|The Lakes Distillery to fast-track growth plans following new investment|
The new investment will help to sustain the Lakes Distillery’s ongoing program of capital investment, which will this year see single malt whisky production treble to inexcess of one million bottles.
Commenting on the news, Nigel Mills CBE, Co-Founder and CEO of The Lakes Distillery, said: “Our vision is to create a global luxury single malt whisky brand. It’s an ambitious goal and one which means quality is at the heart of everything we do. A sentiment very much shared by Comhar.”
Plans also include the installation of eight new washbacks to facilitate 24-hour distillation, construction of a new racked warehouse, and support to increase sales in the UK, Europe, Asia and the US.
Posted by Steve Rush