Bradford’s Brewery raises glass to cash investments
Bradford Brewery, a start-up business that aims to put Bradford on the map for high quality brewing, has received major financial boosts.
The brewery has secured £300,000 with the help of Envestors North to further support its growth plans, aiming to take a share of the multi-billion pound market for speciality ales and lagers.
It will enable the brewery to launch from its own fully-refurbished brewpub named the Brewfactory and support its marketing drive to attract further expansion capital.
The cash boost follows the announcement of a £50,000 loan facility agreed by the Business Enterprise Fund (BEF), which will improve the business cashflow and provide an all-important safety net.
As renovation work begins at the recently-acquired site on Westgate, the £400,000 development will transform the disused Shaw’s Moisture Meters factory into a brewery with a production capacity of 16,000 pints per week.
Managing director of the Bradford Brewery, Matthew Halliday, said: “Bradford Brewery is a new business with big ambitions. We want to be as synonymous with the city as David Hockney, Bradford Bulls and Bradford City Football Club.
“This investment, coupled with our own funds and the recently approved loan facility from Business Enterprise Fund, will allow us to enter the market from a very strong financial position. We’ll be working to make sure there’s a Bradford beer on the bar of every pub across the district.”
The brewery and attached Brewfactory pub, due to open in Westgate later this year, already has Bradford City Centre Growth Zone funding and the support of former Dragon’s Den star, Doug Richards.
