Scotland business

Locals invited to invest in Dingwall whisky distillery

Scotch whisky Image copyright Thinkstock

A whisky firm has launched a community share offer in a bid to build the first community-owned distillery in Scotland.

Glenwyvis Distillery Community Benefit Society plans to raise £1.5m to develop a new distillery in Dingwall.

It is about 90 years since the last distillery closed in the Highland town.

The whisky company, in conjunction with the organisation Community Shares Scotland (CSS), is offering investment opportunities from £250 to locals living in all IV postcode areas.

The developers said they hoped this would ensure a high level of local ownership of the distillery.

'Seismic impact'

Shares are also open to whisky lovers worldwide with investment opportunities of up to £100,000.

Helicopter pilot and farmer, John F Mckenzie, is behind the plans to resurrect whisky production in the town.

He said: "From the outset we have envisaged the project as more than a distillery.

"It is an opportunity for all social investors to help reinvigorate the historic town of Dingwall.

"GlenWyvis will be built on its whisky heritage, its community-ownership and its environmental credentials."

CSS programme manager Kelly McIntyre said: "This is one of the biggest community projects we have been involved in and we hope it will make a seismic impact in the kind of projects that we will see coming forward to work with Community Shares Scotland in the future."

Construction of the new distillery is due to start in June and the first whisky is planned for Burns Night 2017.

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