Ardgowan Distillery eyes whisky milestone with fresh investment and ‘leaner’ ownership

Ardgowan Distillery secures £4.2 million funding boost one year on from opening

Ardgowan Distillery has secured millions of pounds in funding as it progresses through ‘challenging early stages’.

Ardgowan Distillery eyes whisky milestone with fresh investment and ‘leaner’ ownership

“This marks the end of the early phase of the project, and we are now in a far stronger position” – Roland Grain, chief executive Ardgowan Distillery Company

Scotch whisky distillery secures more than £4million in new investment

A Scotch whisky distillery has received more than £4million in new investment

Ardgowan Distillery Secures Additional Investment For Single Malt Production

Credit: Ardgowan Distillery Scotch whisky producer Ardgowan Distillery Company Ltd has converted £14 million in convertible loan notes into equity and secured a further £4.2 million in new funding. The investment strengthens the company’s balance sheet as it progresses towards its first single malt release. The conversions include £3 million held by Distil Plc. According to the company, the move “materially strengthens the distillery’s balance s…