Business

Belfast co-op brewery Boundary closing on Taproom funding target

BELFAST co-op Boundary Brewing has crowdsourced £60,000 in three weeks as part of its bid to open the north’s first taproom.

The brewery, which has 1,500 members, launched the fundraising drive last month, offering investors an opportunity to own a share of the new taproom in east Belfast.

Boundary, which set a goal of raising £150,000 for the new venture next to its brewery on the Newtownards Road, announced this week that it had secured £55,000 in capital, taking it to £115,000.

Co-founder Matthew Dick said its needs just £35,000 more to hit its goal.

He said the community share raise scheme will remain open until April 6.

Crowdsourcing has played a key part in the Boundary Brewing story.

It raised £100,000 in just eight days from around 400 members to get it off the ground in 2014.

“Once again, we’ve been blown away by the support from our community,” said Matthew.

“To raise £60,000 in a few short weeks is an incredible endorsement from our members and we’re over the moon with the response.

“Our plan is to get the taproom ready for launch this summer and to do that, work needs to begin shortly on the fitout. In order to make this happen, we’re closing our community share raise on April 6 so we can get cracking.”

The community shares start at £100 per share, offering 18 per cent discount on Boundary beer from the company’s shop and 10 per cent off all Boundary beer from all their other venues.

Investors also get 20 per cent of their investment back as a gift voucher for Boundary beer in all the brewery’s venues.