April 17th 2024.
In 2015, John McKenzie, a former Army Air Corps helicopter pilot, had a brilliant idea to bring whisky back to Dingwall after a 90-year absence. He wanted to bring the community of Dingwall together by creating a distillery that would be owned by local people. And his idea was an instant hit as just a year later, the distillery made history by running a record-breaking open share offer.
More than 3,000 people showed their support for John's vision and invested in GlenWyvis, making it the world's first fully community-owned distillery. And now, GlenWyvis is offering another opportunity for whisky lovers to become part of this unique venture.
Since its humble beginnings almost a decade ago, the distillery has not only provided great whisky, but it has also generated £50,000 for the local community and awarded grants totaling £30,000. With the release of three expressions of Highland Single Malt Scotch whisky, the distillery has filled more than 222,000 liters of alcohol and 1,550 casks.
GlenWyvis currently has 3,625 shareholders, with 28% living close to the distillery, 44% in the rest of Scotland, 16% in the rest of the UK, and the remaining 12% living in 36 different countries worldwide. This truly shows the global reach and appeal of GlenWyvis.
Craig MacRitchie, the production manager, has been with the distillery since the beginning and has witnessed major milestones, such as the first spirit being distilled and the first batch of whisky receiving critical acclaim. He says, "It's thrilling to see GlenWyvis leading the way in the industry, not just with its low carbon footprint and connecting people with a connection to Dingwall, but also in creating exceptional whisky."
As with previous crowdfunding campaigns, each share is offered for £50, with a minimum option of five shares, totaling £250. In return, investors not only become part of a Scottish distillery but also receive exclusive member bottlings, investment rewards, and a 20% discount on all sales.
The funds raised will be used to expand a bonded warehouse and build a low-volume bottling facility, paving the way for increased production. Additionally, a new visitor experience will be created to promote tourism in Dingwall.
David McIntyre, the chairman, says, "This is an opportunity to join a community that is dedicated not only to the craft of whisky and gin production but also to making a positive impact on people's lives in Dingwall and beyond." He further adds, "Whether you live in the area or are drawn to the rich history and culture of Scotland, there is a place for you in our community. We are excited to welcome our newest shareholders as we continue our journey of crafting exceptional whisky while making a meaningful difference in the lives of others."
As part of their commitment to giving back, GlenWyvis allocates 5% of all online sales to the GoodWill Fund, and this year they are donating over 18% of net profit to the local community in and around Dingwall. Stay updated on all the latest news and stories by subscribing to Scottish Field.
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