Cotswolds Distillery has raised £3 million to fund their expansion thanks to crowdfunding and their investors.

After exceeding the initial target of £2 million, the funding period was extended due to overwhelming interest, resulting in one of Crowdcube’s biggest equity raises of 2018.

The funds will be invested in building the business and brand, from advertising and marketing to expanding and sales and distribution networks. The hiring of a new Chief Financial Officer and Chief Marketing Officer will also be integral to the growth and development of the brand.

Cotswolds Distillery recently announced plans for a new visitor centre at its Stourton site, housing tasting rooms, an expanded shop, exhibition space and café.

This money raised will allow for an improved and enhanced customer experience for the 30,000 visitors who travel to the distillery each year. to participate in the Visit Britain award-winning tour, cementing its position as one of the top visitor attractions in the Cotswolds.

CEO Dan Szor said: "We are overwhelmed by the enthusiasm of our new investors and the belief they’ve shown in the distillery. The total raised will transform the business.

"We’re equally delighted to have gained over a thousand new shareholders – their support will carry us through the next chapter in the company’s journey and we couldn’t be more excited for it."