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CGI of the Curious Brew Brewery

CGI of the Curious Brew Brewery

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Chapel Down set to build new brewery in Ashford thanks to crowdfunding and new shares

CGI of the Curious Brew Brewery

CGI of the Curious Brew Brewery

Tenterden based winemaker Chapel Down is set to build a town-centre brewery in Ashford for its Curious Drinks brand after raising more than £1.7 million from new shares and a crowdfunding campaign.

Thanks to the campaign, Chapel Down attracted 895 investors who pledged between £100 and £35,000 towards plans to build a production facility for its beer and cider business, which would also double up as a tourist attraction.

Construction of the new brewery is to start this summer on a 1.7 acre site next to Ashford International Station, and is hoped will be open in spring 2017.

Chapel Down initially set a target of £1 million when it launched the crowdfunding campaign back in October and finally managed to attract £1.16 million. It also managed to raise £550,000 from placing new shares, including £275,000 from the directors of Curious Drinks and Chapel Down.

Chapel Down chief executive Frazer Thompson said: “The success of our Curious Drinks crowdfunding campaign is further testament to the revolution taking place in the British beer business.

“Customers want great beer and we’re delighted that they love Curious as much as we do. We are pleased to welcome nearly 900 new shareholders who we know will become fantastic brand ambassadors.

“Since launching Curious Drinks, we have been thrilled by its rapid success. But to have earned the support of 895 shareholders who believe in the brand and who want to support us on our journey with their hard earned cash is truly humbling.”

Curious Brew is popular in high-end restaurants, bars and hotels, with sales growing by about 40% each year.

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