Burges Salmon has advised Santander UK on the provision of funding for English whisky and gin producer Cotswolds Distillery.
The firm’s Banking and Finance team provided legal advice to Santander UK as the provider of a £3m funding package to Cotswolds Distillery. The funding package supports business liquidity, enabling Cotswolds Distillery to lay down additional stock to meet future demand, improve production efficiencies, and bolster its status as an English whisky producer.
The Shipston-on-Stour-headquartered company is on track to increase its annual alcohol production from 125,000 litres currently, to reach a capacity of 500,000 litres, having built a new distillery at its Cotswolds site which will be commissioned in autumn.
Cotswolds Distillery was established in 2014 by founder Daniel Szor and its inaugural Signature Single Malt was released in 2017. Cotswolds Distillery has also developed a range of award winning super premium gins and liqueurs to supplement its product range. In the UK, its Cotswolds range is sold in leading supermarkets, bars, luxury hotels, restaurants and direct to consumers through its visitor centre, three stores and online business.
The Burges Salmon team that advised on the funding was led by partner Stuart McMillan and solicitor Jack Mitchell, all from the firm’s Banking and Finance team.
Gavin Smith, Business Development Director at Santander UK, said: “Cotswold Distillery has established itself as a leading brand in the English whisky and gin market and we are thrilled to support it with this funding package. Santander UK has a dedicated specialised whisky sector team as well as expertise and resources to help UK businesses in the sector expand internationally. We are grateful to Burges Salmon for its expert advice, which enabled us to complete this funding.”