GlenWyvis

built on history... powered by nature

GlenWyvis Community Share Offer

On the 16th April 2016, the 270th anniversary of The Battle of Culloden, we proudly launch the GlenWyvis Community Share Investment Opportunity. Our aim is simple: to build Scotland's first community owned distillery. This is your chance to become a part of history!

  • 2443 investors
  • £2,533,510 invested
  • 0 hours to go

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About the offer

Glenwyvis Distillery Community Benefit Society, based in the historic Highland town of Dingwall, is realising its long held ambition to create Scotland's very first community-owned craft whisky distillery. Exactly 270 years to the day after the Battle of Culloden, GlenWyvis launches its Community Share Offer to raise over £1.5m of investment that will help to put whisky distilling back at the heart of Dingwall.

The launch, organised in conjunction with Community Shares Scotland (CSS), will offer investment opportunities for as little as £250 to locals living in all IV postcode areas. This will ensure a high level of local ownership of the distillery, but the Share Offer is also open to whisky lovers worldwide with investment opportunities rising in tranches* to a maximum investment of £100,000.

Built on History

Whisky has been made in Ross-shire and Inverness-shire for centuries and inspiration has been taken from former distilleries: Ferintosh, Ben Wyvis in Dingwall and Glenskiach in Evanton. The original Ferintosh Distillery was established by the Forbes of Culloden family in 1690, on the Black Isle just east of Dingwall, and is one of the oldest recorded whisky distilleries in Scotland. The new Distillery will re-instate craft whisky distilling to the Dingwall area, some 90 years after the last of the town's original distilleries closed down.

The famous Ferintosh brand of the day was a much loved whisky throughout Scotland and was a favourite of Scotland's great bard Rabbie Burns, who lamented: Thee, Ferintosh! O sadly lost! Scotland lament frae coast to coast! ... on its closure in 1785.

Powered by Nature

The new GlenWyvis Distillery will be built on a farm above the town of Dingwall and will be 100% community-owned distillery and 100% powered by green energy.

The distillery is the brainchild of the Flying Farmer, John F Mckenzie, supported by a board of directors and local community representatives. John said:

We have a truly winning combination here of a stunning Scottish Highland location, immense historical appeal linking back to Culloden, Burns and Ferintosh and readily available hydro, solar and wind energy to bring this innovative whisky project to fruition.

From the outset we have envisaged the project as more than a distillery. It is an opportunity for all social investors to help reinvigorate the historic town of Dingwall. GlenWyvis will be built on its whisky heritage, its community-ownership and its environmental credentials. We have amazing local resources and will be using only local barley from a farmers' cooperative – hence our strapline built on history – powered by nature.

John added:

There is a real buzz around Dingwall at the moment as our local football team Ross County has just won the Scottish Football League Cup and now we are launching our community-owned distillery. It's double plaudits all round!

This Friday we are one of the main sponsors of the Ross County Annual Dinner and Auction with 300 guests in attendance and each guest will receive a commemorative miniature of Ross County Football Club League Cup GlenWyvis Gin.

On the eve of our launch, we want to get the message out to the local community as well as to whisky lovers near and far to invest in the future of the GlenWyvis Distillery.

Plans

Construction of the distillery is due to commence in June 2016 with the first run of whisky planned for Burns Night 25 January 2017. The distillery will produce craft Scottish whisky and there are plans for an associated Visitor Centre in the town to be added as part of a wider plan to recreate Dingwall as the Craft Distillery Town of Scotland, and as a quality tourism destination on the North Coast 500 route.

Share Offer

Commenting on the share offer Kelly McIntyre, Programme Manager, CSS said:

This is one of the biggest community projects we have been involved in and we hope it will make a seismic impact in the kind of projects that we will see coming forward to work with Community Shares Scotland in the future.

Glenwyvis has a truly international appeal with an amazing whisky heritage story which will strike a chord with expat Scots and the Scottish Diaspora worldwide and has the added impact of sitting nicely along the North Coast 500 route. And with its historic story links to Forbes of Culloden there is all the more reason for investors and visitors alike to become involved.

Scott Armstrong, VisitScotland Regional Partnerships Director, said:

In Scotland's Year of Innovation, Architecture and Design, it is fantastic to hear about this innovative scheme, which ensures a high level of local ownership of the distillery. Whisky is one of our strongest draws for visitors and I am delighted that GlenWyvis has taken this opportunity to tell their own whisky heritage story.

With an associated visitor centre also planned, this offers another stop-off point which we would hope will increase visitor numbers to the town. Without tourism, many remote communities would not be sustainable and business sectors like drinks, retail or construction would be severely impacted.

Our visitor research has revealed that the one thing that makes Scotland different to any other destination is its ability to stir your soul. Through our ambitious new global Spirit of Scotland campaign and #ScotSpirit social movement, VisitScotland is working to raise the profile of Scotland to unprecedented levels as a place to visit, invest and live – and this project really does have #ScotSpirit!

Invest Now

The GlenWyvis Community Share Offer opens on 16 April 2016 and closes on 24 June 2016. However, the board reserves the right to extend this deadline if the amount raised is close to the total required to proceed.

Frequently Asked Questions

How much are shares?
Shares are £50 and the minimum shareholding with a IV postcode is £250, which equates to 5 shares. 1 vote regardless of share holding. It is possible to register as a group and share the total cost to reach a level of higher reward, eg Cask ownership.
How do I buy shares?
You can sign up online via Crowdfunder.co.uk or print out an application form (see download section below) and return with your cheque.
What tax benefits are expected?
We have applied for advanced assurance of Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) eligibility. Any financial aspects should be checked with individual accountants or directed to GlenWyvis
Can I register and pay half this month and half before 24th June?
Yes, no money is taken until total minimum required is reached.
What are the Terms & Conditions for Cask ownership?
Terms and Conditions are available via the downloads section (or download here)
I am under 18 but would like to invest
A relative can register your name and the shares will be issued in your name not theirs. Rewards will be provided to the relative until age 18 is reached.
Where will future profits from the distillery go?
It is envisaged that investors will receive interest on their investment in time. It is also planned that future profits will be invested in the GlenWyvis visitor centre in Dingwall. Download a business plan for the visitor centre.
Can you deliver alcohol to my country as part of the reward scheme?
If you live outside the UK, please contact us to confirm if we can deliver alcohol to your country as part of our rewards scheme.
I live abroad can I invest?
Yes. Please contact us to check alcohol rules for delivery in country residence prior to investing.
How much is the lease and utilities of electricity and water to The Flying Farmer
The Flying Farmer is providing electricity for no cost until end of the Feed-in Tarriffs between 2030-2035 when it is planned the distillery and all farm buildings will move to off-grid via batteries. Water is not charge for from existing borehole / water sources. The lease of land is £1 per annum for 175 years. Road and energy system maintennace will be shared.

Downloads

Community Shares Standard

Supported by Community Shares Scotland Crowdfunder.co.uk
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