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Gloucestershire Business News

£300,000 crowdfunding brewery expansion plans

An award-winning organic beer producer from Gloucestershire is set to launch an investment bond to raise £300,000 towards its expansion plans.

Working with Triodos Bank, which describes itself as a global pioneer in sustainable banking, the funds will be used to kit out the new brewery and bar that the business is hoping to move into this autumn.

Investors will also become members of the Stroud Brewery's beer club for the period of the bond, giving them a 10 per cent discount on beer purchases online or in the bar.

Greg Pilley, managing director of Stroud Brewery said: "This is a significant development for Stroud Brewery and will provide us with the platform to take the business to the next stage.

"There is no way we could have imagined this six years ago when we moved in to our existing site."

"The new brewery will allow us to ensure we retain and enhance our quality reputation but also to develop a range of new beers.

"When we first started talking about this project we wanted to ensure that sustainability was at the core of the build and accommodate an ecologically designed brewery giving us a strong identity, a visitor destination and a vibrant community space.

"This crowdfunding campaign will give our customers further opportunities to invest in the brewery's sustainable practices such as rainwater capture and solar photovoltaic panels."

Dan Hird, head of the Triodos corporate finance team, said: "We are delighted to be working with Stroud Brewery at such an exciting time for the company. We have been impressed with the management team and their commitment to sustainability through the whole supply chain."

Stroud Brewery has been brewing beer for 12 years at its home in Thrupp, just outside Stroud. The new site is only 400 yards away and has been designed to accommodate the organic brewery's growing needs.

Providing greater capacity for beer production, storage facilities, event spaces and larger offices, the site will be more sustainable; with heat reclamation, rainwater harvesting and solar electricity.

There will also be a brand-new taproom bar with canal side views across one of the Cotswold's valleys.

Stroud Brewery describes itself as a fast-growing profitable company with turnover of £1 million in 2018 and is one of only a handful of solely organic brewers in the UK.

It is a regional supplier which is trying to produce beer sustainably using what it calls "short chains and lightweight packaging", as well as reusing waste grains and hops for cattle feed and compost. The malt and barley are sourced from within 15 miles of the brewery.

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