Gin distillery says cheers to HSBC

A Scottish distillery has been supported with a £750,000 Coronavirus Business Interruption Loan (CBIL) from HSBC UK to help mitigate the impact of lockdown on international growth.
Isle of Harris Gin Distillery has recieved a cash injection from HSBC UK.Isle of Harris Gin Distillery has recieved a cash injection from HSBC UK.
Isle of Harris Gin Distillery has recieved a cash injection from HSBC UK.

A Scottish distillery has been supported with a £750,000 Coronavirus Business Interruption Loan (CBIL) from HSBC UK to help mitigate the impact of lockdown on international growth.

Thanks to the cash, Isle of Harris Distillers – which makes Isle of Harris Gin - is now in a position to continue with its plans to increase its presence in Europe and Canada, and expand into Asia and the US from its base in the Outer Hebrides.

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The company saw a 50 per cent surge in online orders during lockdown. But the overnight closure of bars, restaurants and its visitor centre dented its cashflow. The funding enables the distillery to continue on its long-term future as it invests in the production of its first single malt whisky.

Ron MacEachran, chairman of Isle of Harris Distillers, said: “We lost sales from our visitor centre and with the hospitality industry when Covid-19 hit, but HSBC’s backing has given us additional fire power to navigate our way through the extraordinary levels of Covid uncertainty.”

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