London, GB 6 °C

Sunday, January 17, 2021

News > Case Studies

Local brewery secures backing from Development Bank of Wales

Tom Belger | 16:59 Wednesday 12th December 2018

The Development Bank of Wales has part-funded a £134,000 capital investment project by Wild Horse Brewing Company.

The investment – which was also backed by the Welsh government’s food division – will see the Llandudno-based brewery double its annual brewing capacity through the purchase of four new fermentation tanks.

These will be added to the four existing fermenters, while the investment will see the replacement of the old hot and cold liquor tanks with two new, larger and more energy-efficient vessels.

A new 600 sq ft refrigerated cold room has also been completed.

The increase in capacity is expected to create four new full-time jobs over the next three years.

“We’re incredibly excited to see this expansion complete after many months of planning,” said Dave Faragher, brewer and founder of Wild Horse.

“We’ve really struggled to keep our core and seasonal beers all available over the last four months, so the additional capacity is going to be very welcome.”

Chris Hayward of the Development Bank of Wales said that the funding for this deal came from the Wales Business Fund, which is part-funded by the European Regional Development Fund through the Welsh government.

“It’s always really rewarding to support local entrepreneurs and particularly encouraging to see businesses like Wild Horse Brewing develop and thrive.

“Our loan will support the purchase of the new brewing tanks and the creation of an improved cold storage unit leading to the introduction of new product lines and increased sales.

 “As a highly regarded and fast growth business in Llandudno, we wish them every success.”

leave a comment

Your email address will not be published.