Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Eden Mill: Multi-million-pound investment deal to fund new Fife distillery

Paul Miller, co-owner and founder of Eden Mill
Paul Miller, co-owner and founder of Eden Mill.

St Andrews distillery Eden Mill has received a multi-million-pound investment that will help fund its ambitious Fife distillery plans.

Private equity firm Inverleith LLP has acquired a majority stake in the gin and whisky business.

The investment figure or exact stake acquired is not disclosed, but it is understood to be north of £10 million.

The cash injection will help Eden Mill finance its new Guardbridge distillery, an £8m project that will create 40 jobs.

Co-founder Paul Miller will retain a stake and be the drinks firm’s managing director.

He said the investment will allow Eden Mill to expand beyond Scotland.

“We’ll be looking to create a world class visitor experience and build the brand significantly outside of the local area,” he said.

“We’ve a great footprint in Scotland, but we want to build that awareness in the UK and develop the brand into something with a strong presence worldwide.

Eden Mill co-founder Paul Miller.
Eden Mill co-founder Paul Miller.

“From the start our aim was always to add to what the great town of St Andrews and this part of Fife has to offer the world.

“That was always what we set out to achieve and this new investment will really help us do that.”

New Eden Mill distillery

Established in 2012, co-founders Paul Miller and Tony Kelly drew inspiration from St Andrews to create a range of gins.

Eden Mill launched its first limited edition single malt in 2018.

Bottle number one of 300 from the limited release first bottling achieved a record sale of £7,100 through Whisky Auctioneer.

These were the first drops of whisky to be distilled and bottled in St Andrews for nearly 160 years.

For four years, the firm has planned its new distillery at the Eden Campus operated by St Andrews University.

Artist impressions of Eden Mill’s new distillery in Guardbridge.

It will include a visitor centre as well as facilities to produce gin, whisky and beer.

The new site will benefit from power and heat generated by biomass plant and field electricity.

The university will also install solar panels on the roof of the distillery, which hopes to be carbon neutral by 2024.

‘A win for everyone’

New Edinburgh-based owners Inverleith invests in the luxury food and drink sector.

It is a shareholder in The Scotch Malt Whisky Society, Planet Organic and chocolate firm Montezuma’s.

The fund focuses on businesses with revenues of between £5m and £30m, and a target investment level of between £5m and £15m.

A range of Eden Mill gin.

Mr Miller said Inverleith is a “perfect fit” for Eden Mill as an investment partner.

He said: “For them it wasn’t just investing money, it was investing their capability as well as a leadership team.

“It’s really helped us realise my vision from 10 years ago when we started. It’s a win for everyone.”

Inverleith managing partner Paul Skipworth said: “Having worked closely with St Andrews University to secure a site on its sustainability campus, St Andrews has one of the most exciting futures within premium gin and whisky.

“As a team, we have a long heritage in the development of premium spirits, both operationally and as investors.

“We will be a strong partner for Paul Miller and the wider Eden Mill team over the coming years.”

Already a subscriber? Sign in

[[title]]

[[text]]