GlenWyvis and Community Shares Scotland celebrate smashing £1.5 million target

GlenWyvis and Community Shares Scotland celebrate smashing £1.5 million target

Picture of 5 men holding a whisky decanter and glasses with distilery name engraved on the glassware
Lynn Haughton

In just over two months and with more than 1,400 investors from over 20 countries, the investment total soared above the £1.5 million target to make a community-owned distillery project a success.  This is believed to be Scotland's largest community share offer to date.

Founder, John F. McKenzie, GlenWyvis Community Benefit Society, said:

“It really is an historic moment and we have so much to celebrate. We have all of our investors to thank as well our GlenWyvis and Community Shares Scotland teams who put in huge effort to make this happen. The last few days were definitely the hardest, as the total has grown gradually towards our target – and are now excited to see it move at such a pace – so we are now aiming for our ‘stretch’ target of £2.25 million so people can still invest right up until 11.59pm on the 24 June. It really is history in the making and we are delighted to be able to say we will be reintroducing craft whisky distilling back to the Dingwall area after a gap of 90 years.

“It is also a testament to the goodwill of our community locally and from interest and investment globally that has helped make this a success and put Dingwall firmly on the world map.”

Community Shares Scotland, programme manager, Kelly McIntyre, added:

“It is a massive achievement to reach £1 million but this is outstanding and goes to show the depth of interest that communities at large have in this type of community share project. The GlenWyvis community share offer has shown the appetite for community ownership in Scotland and this is another terrific example, alongside our Portpatrick Harbour community share offer success last year.

The GlenWyvis Community Share Offer opened on 16 April 2016 and closed on 24 June 2016.