Brewdog’s new base all about Brexit

The boss of Brewdog has revealed the craft beermaker invested in a new German base because of a lack of clarity surrounding Brexit.

Co-founder James Watt said the uncertainty has had a negative effect on British businesses and the process would cause “severe long-term damage” to the UK’S economy and entrepreneurs. He said Brewdog’s decision to buy the site of Stone Brewing in Berlin was influenced by concerns over Brexit. “It’s about having the ability to be able to supply our European customers given the political uncertainty,” he said.

Brewdog has revealed plans to add a co-working space, beer-making experiences and a craft beer museum at the site, making it the company’s flagship location in mainland Europe.

The company, which was set up in 2007, has opened its sixth equity crowdfunder, targeting £7 million.

Some of the money will be used to fund the refurbishment of the Berlin brewery.