The Five Points Brewing Company has got off to a flying start with its crowdfunding project, which aims to raise £750,000 in exchange for 5.66% equity in the business.
The capital will be used to open the first Five Points Taproom at the iconic Pembury Tavern, as well as investing in state-of-the-art new brewhouse equipment and fermentation tanks, which will triple production capacity volume, and which it is hoped will allow the business to increase sales from 2 million to 6 million pints a year (34,000 hectolitres).
A new research and development brew kit at The Pembury Tavern will be used to develop new recipes and research innovative brewing processes.
The fundraising will also mean investing in the growing team, as well as expanding UK distribution and developing the export business.
A total of 380 investors have so far raised £275,660 of the target.
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