Craft brewer Innis & Gunn has smashed its fundraising target after securing £2.5 million of new investment through a crowdfunding campaign.
The company, which recently bought over Perth’s Inveralmond Brewery in a £3.1m deal, had initially hoped to raise £1m from the crowdfunder.
However, half of that figure was raised within two days and the decision was taken to extend the campaign to a full month.
The window closed on the Adventure Capital offer on Tuesday by which time the total raised had increased to £2.47m.
Some of the cash will be channelled to Perth where the plan for the newly renamed Innis & Gunn Brewery is to triple beer production volumes to 30,000 hectolitres within the next two years.
The new funding will also go towards the expansion of the company’s Beer Kitchen outlets.
The company opened its first Beer Kitchen in Edinburgh before expanding into premises in Dundee and St Andrews in reent months,.
The company said it now plans to open a further three Beer Kitchen’s in Scotland over the course of the next 12 months.
It will also bring forward by a year plans to establish its first Beer Kitchen outlet south of the border.