Ferovinum and The Borders Distillery Company Limited have agreed a £35m funding package to support the distillery for the next three years.
The arrangement will enable The Borders Distillery – the first to operate in the Scottish Borders since 1837 and recent winner of the World Whiskies Awards Best Scotch New Make award – to grow its business in advance of the eventual release of its Single Malt Scotch Whisky.
Ferovinum is a wine and spirits funding platform. It will also provide The Borders Distillery with specialist operations and supply chain tools to support trading in the UK, Europe and the USA.
Commenting on the deal, The Borders Distillery Managing Director John Fordyce said: “We are delighted to have found a partner in Ferovinum and its excellent team. We share the same ambitions to grow, enthusiasm for the Scotch whisky industry and commitment to deploy technology to facilitate growth in multiple markets.”
The Ferovinum platform helps companies by taking care of their money needs throughout the whole process of making, storing, sending, and delivering their products. This means businesses can focus on their work from start to finish without worrying about funding each step.
Using the platform also makes it easier for clients to work with shipping, storage, and delivery services. Plus, it helps with handling payments, getting the necessary licenses, and setting up business deals.
Gregor Mathieson, Director of Spirits at Ferovinum added: “We are very proud to be supporting The Borders Distillery during their next phase of growth. It is six years since the stills started running at their extraordinary site in Hawick, and the dedication to making great whisky as well as being a force for good in the Borders community is palpable amongst the whole team. Ferovinum was created to provide ambitious, visionary drinks businesses like this with the backing and specialist support they need to achieve their goals, and we are very excited to be partnering with John and the team for the journey ahead.”
