Brewers expand output in spite of lockdowns
DERBYSHIRE’S Pentrich Brewing Co has received a £150,000 investment to help expand its production of cask beers.
Founded in November 2015 by Joe Noble and Ryan Cummings, the Ripley-based brewery has grown from a side project, born from the duo’s passion for craft beer, into one of the most highly regarded small breweries in the East Midlands.
Joe said: “Since founding the business in 2015 we’ve built a strong, recognisable brand as well as a base of really loyal customers. However, we were operating at maximum capacity and, in order to grow, we needed to seek extra help.
“We’re therefore excited to put the funding to good use, starting by investing in better equipment. This will enable us to make both keg and canned beer in addition to our existing range of cask beer, which will significantly aid our expansion and has helped us diversify during the Covid-19 pandemic.”
Using finance from First Enterprise – Enterprise Loans, the fund manager responsible for the delivery of the MEIF (Midlands Engine Investment Fund) Small Business Loans fund in the East and South East Midlands – Pentrich Brewing Co has been able to invest in new equipment and bolster its marketing and branding.
Kamran Hassan, business develop
Pentrich Bewery Co is investing in equipment to enable it to make keg and canned beer
Joe Noble and Ryan Cummings
ment manager at First Enterprise – Enterprise Loans, said: “Joe and Ryan started thanks to a passion for good quality beer but it’s turned into so much more than a hobby business. With a local reputation for producing great cask beers, the brand has a massive amount of potential.
“We’re delighted to support the duo with MEIF funding and wish them the best of luck expanding the business.”
Lewis Stringer, senior manager at the British Business Bank, said: “It is great to see Pentrich Brewing Co tap into support from the Fund. The business has been able to invest in new equipment and widen its product portfolio.
“We’d like to take this opportunity to encourage other SMEs in the region to review the funding options available through the MEIF.”