Isle of Arran Distillers gets funding from Barclays

Scottish whisky producer Isle of Arran Distillers has secured £25m funding from British multinational investment bank Barclays.

The funding will be used by the company to develop its recently opened distillery in Lagg village, Isle of Arran.

With the opening of the Lagg distillery, Isle of Arran Distillers was able to double production capacity to more than two million litres a year.

Additionally, the investment is expected to support the Isle of Arran Distillers’ growth strategy.

It will also ensure the creation of a visitor centre, restaurant and a café, as well as the addition of warehousing facilities at the distillery.

Barclays Scotland corporate banking head Jamie Grant said: “Isle of Arran Distillers is a perfect example of a business harnessing the power of Scottish provenance, contributing to the global success of our food and drink industry.

“We have made a significant commitment to the whisky sector by investing both time and money to become industry experts, ensuring we are able to provide bespoke solutions specific to the sector.”

Established in 1994, Isle of Arran Distillers operates two facilities and plans to launch its first 25-year-old Single Malt in new packaging next year.

Isle of Arran Distillers managing director Euan Mitchell said: “Times have never been more exciting for our company. With the re-branding of our Arran Single Malt and the opening of Lagg Distillery, it has been a busy year and expansion and change has been at the forefront of our minds.”

Barclays said that the latest funding represents its continuing relationship with the whisky industry.