Midlands-based Attic Brew Co has acquired its Stirchley premises in a move to secure its future and aid the brewery’s growth plans.
The business, which is Birmingham’s largest independent brewery, has taken the industrial estate where its production facilities and taproom are based.
The deal was backed by a seven-figure funding package from NatWest, and the Midlands Engine Investment Fund II through fund manager Frontier Development Capital.
The 56,000 sq ft site is located off Mary Vale Road and is also home to a number of other independent businesses.
These which will continue to operate as usual with Attic acquiring the site from a private landlord who was looking to retire.
Attic Brew Co has increased trade sales by 60% in the past year with business development manager Catherine Webber a key part of the growing team.
The company has almost doubled the size of the brewhouse in recent months and is installing a new canning and kegging plant to keep up with demand. The funding package will also enable it to create new cold storage and further improve production facilities.
Sam Back, founder and director, said: “The brewery and Taproom are at the heart of our business and we have invested heavily in the facilities over the years. Acquiring the site will secure the future of the business, enabling us to continue our investment to pursue our aim to become the Midlands’ best loved independent brewery.”
David Tindall, senior investment manager at the British Business Bank, said: “This recent investment demonstrates how the Midlands Engine Investment Fund II is helping ambitious businesses access the funding they need to achieve their long-term growth plans.
“Attic Brew has established itself as a successful and innovative business with strong roots in the Midlands. By supporting the acquisition of its premises, we’re helping provide the long-term security needed for the business to continue growing, creating jobs and contributing to the region’s food and drink sector. We look forward to seeing the positive impact this investment will have for the business, its employees and the wider local economy.”
The £400m Midlands Engine Investment Fund II covers the entire Midlands region and provides equity investment up to £5m and debt finance from £25k to £2m to help a range of small and medium sized businesses to start up, scale up or stay ahead.
