BEER

Bedlam Brewery beats crowdfunding target by £170,000

By Daniel Woolfson

- Last updated on GMT

Extra funds: Bedlam can now examine further opportunities
Extra funds: Bedlam can now examine further opportunities

Related tags: Beer

Sussex-based brewery Bedlam has smashed its target of raising £330,000 via crowdfunding to finance relocating its brewing facility. 

At the time of writing, the brewery had accrued £500,000 from almost 300 investors to accompany the brewery’s own investment of £170,000.

Bedlam managing director Dominic Worrall said: “While our focus will obviously remain on the core objectives of delivering a new brewery and retail store, this level of overfunding will now allow us to further examine the opportunities that exist for us.”

Incentive to donate

Potential investors were offered 30% of the business as an incentive to donate funds.

Bedlam’s new brewery in Ditchling, Sussex, is expected to be completed by late spring 2017.

The new site will allow Bedlam to grow an increased amount of hops as well as barley, with 100% of brewing powered with solar energy.

Investor enthusiasm

Worrall added: “It’s our ambition to save our neighbourhood from mass-produced beer and ensure that Bedlam’s beer goes on to reach as wide an audience as possible.”

Paul Reed, former managing director of fellow Sussex brewery Dark Star, joined Bedlam as joint managing director​ last month.

He said: “In today’s mature market, Bedlam will not only ensure that its beers are great but also that all stakeholders, from supplier to consumer, are respected and valued.

“The enthusiasm of the many investors will enable us to move forward without compromising on our values and without limitations on production.”

Related topics: Beer

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