Brewdog invites punks to invest

BREWDOG has invited beer fans to invest in the business for the sixth time in just nine years.

The craft brewer’s crowdfunding round, which will run for an initial 90 days until July 5, is aimed at raising money for breweries, bars and other projects. The business told existing investors – known as Equity Punks – over the weekend that it would seek to raise a fresh £7m.

If it reaches the targeted amount, it would bring the total raised since its first equity crowdfunding round in 2010 to £74m.

‘Since Equity for Punks first began we have been blown away by their enthusiasm,’ said founder James Watt. Brewdog said the new cash would go towards several projects, including development of the Stone Brewing Tap Room, a brewery in Berlin.

Watt said the decision to develop the German brewery was linked to Brexit.

‘Uncertainty surrounding Brexit is crippling British business,’ he tweeted. ‘So we took our destiny into our own hands and bought a brewery on the continent.’