Redchurch crowdfunds latest expansion

Redchurch has returned to Crowdcube, the crowdfunding platform, to help raise £400,000, a move that will enable the investment in new equipment, staff and space.

The brewery, which has sites in Bethnal Green and Harlow, is offering 7.41 equity in the business, valuing Redchurch at £5m.

The explained: “Now in our sixth year of brewing, we have grown from humble origins in a railway arch in Bethnal Green to become a renowned craft brewery selling beer nationally into Marks and Spencer, Waitrose, a range of bars, restaurants, and retail customers as well as exporting our beers around the world

“In January 2016 we completed a Crowdcube round raising £500k, well above our initial target of £200k.

“ We undertook a big expansion project by acquiring 13,500 sq ft of industrial premises in Harlow, Essex to house a new 30 barrel brew house, a fully automated bottling and labelling line and keg filling line and undertaking a re-branding exercise.”

The company said it was returning to Crowdcube to raise further investment to enable it to accelerate its ambitious plans and satisfy demand that they’ve seen grow “beyond our expectations”.

Redchurch explained that the latest investment would allow it to sdd further fermentation vessels to increase its production capacity to more than 1.3 million litres annually which equates to around 2.3 million pints of beer.

The company would also invest in its packaging line to improve speed and efficiency, transform warehouse space and also invest in its staff.

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