FDBusiness.com

English Craft Brewer Reaches Crowdfunding Target

 Breaking News
  • South Korean Food Group Agrees $1.84 Billion US Deal CJ CheilJedang of Seoul, South Korea, is continuing its international expansion after agreeing to acquire a majority stake in Schwan’s Company, a leading US food business, for about US$1.84 billion. The transaction will include 80% of Schwan’s Company and specific subsidiaries that focus on foods sold in retail and grocery channels and food-service venues. The Schwan [...]...
  • The World’s Biggest Meat Alternative Production Facility Opens The world’s biggest meat alternative production facility has been officially opened by Quorn Foods at its Belasis site in Billingham, in the North East of England. The factory expansion of 9,500 sq m will double production capacity of Quorn’s core products, adding approximately 20,000 tonnes per annum. It is part of a £150 million investment [...]...
  • HEINEKEN Ireland is First Drinks Company in Ireland to Achieve Business Working Responsibly Mark HEINEKEN Ireland is the first drinks company in Ireland to achieve the Business Working Responsibly mark from Business in the Community in recognition of its responsible and sustainable business practices. The Mark, developed by Business in the Community Ireland, and audited by the NSAI, is based on ISO 26000 and is the only independently audited [...]...
  • Starch Europe Announces Winners of 2017-2018 Safety Awards EU starch producers are proud to renew their firm commitment to continuously improve safety practices and to achieve a safer working environment, through their contribution to the 4th exercise of the Starch Europe Safety Programme. The Starch Europe Safety Programme, launched in 2014, recognises the best performing EU starch plants in terms of reducing workplace [...]...
  • UK Discounters Off to a Strong Start in Race For Christmas The latest grocery market share figures from Kantar Worldpanel, for the 12 weeks to 4 November 2018, show shoppers have made an additional 14 million trips to Aldi and Lidl compared with last year. Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, comments: “Five years ago, just under half of British households were [...]...

English Craft Brewer Reaches Crowdfunding Target

English Craft Brewer Reaches Crowdfunding Target
April 25
10:57 2018

English independent craft beer company, The Five Points Brewing Company, has smashed its crowdfunding target of £750,000 with a week to spare. The Five Points Brewing Co, located in the heart of Hackney, began its crowdfunding campaign on the 9th March 2018. Launched with the intention to treble the brewery’s production capacity, the campaign offered members of the general public a chance to become a Five Points Funder and receive shares in the business. Channeling the community spirit of the Five Points ethos, the funds successfully raised will be used to accelerate growth and bring everything back to the birthplace of the brewery – Hackney.

The co-founder and managing director of The Five Points Brewing Company, Ed Mason, champions the community of Hackney and wanted the crowdfunding campaign to welcome on board Five Points fans who are now literally invested in the success of the company. In addition to investors receiving shares in the company, the Five Points thanked its investors by offering exclusive rewards which included up to 25% discount in the Five Points taproom and online, free birthday pints.

Since the launch of the crowdfunding campaign over 1,250 investors have signed up to become a Five Points Funder and have done their part in helping Five Points achieve its target of £750,000. Now that The Five Points has reached its crowdfunding target, beer lovers can look forward to the opening of the first ever Five Points Taproom, launching at quintessential London venue, the Pembury Tavern. The Five Points Brewing Company will also be using the funds raised to invest in state-of-the-art brewhouse equipment and fermentation tanks which will help it achieve a production capacity 3 times what it is now, increasing sales from 2 million to 6 million pints a year.

The Five Points was the first UK brewery to become an accredited Living Wage employer and the funds raised will also be used to invest in the growing team. The news of the successful crowdfunding campaign comes just before the brewery celebrates its 5th birthday.

CAPTION:

Ed and Greg of The Five Points Brewing Company.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 21, 2018expoSE European Asparagus and Strawberry Fair
  • November 27, 2018Health Ingredients Europe
  • November 28, 2018FOOD & LIFE
  • December 3, 2018P&P 2018
AEC v1.0.4

Jobs: Finance

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements