Barclays backs Glasgow Distillery’s global ambitions

Distillery

The Glasgow Distillery Company has secured a £5.5m loan from Barclays to help support its international growth and expansion plans.

The funding will also provide working capital to invest in production and further increase whisky stocks.

Despite the upheaval caused by the coronavirus outbreak, the distiller still managed to lay down some 250,000 bottles of single malt.

The pandemic also failed to disrupt the planned launches of two new products, with Glasgow 1770 Single Malt – Triple Distilled Release No.1 and Malt Riot Blended Malt Scotch Whisky both brought to market within a few weeks of each other.

There was one unscheduled addition to the company’s output during lockdown, however. Over the course of several weeks, it manufactured 11,000 litres of hand sanitiser which was then distributed to over 400 NHS services, charities and organisations including hospital wards, care homes, police services and GP surgeries.