The brewer’s Beerbond, which closed on July 16, drew 1,113 investors who have put cash in for what is initially a four-year fixed term.
Innis & Gunn is now in the final stages of negotiations for the new brewery’s site.
Founder and chief executive Dougal Gunn Sharp said: “We’ve been blown away by the level of support the bond has received and are over the moon to have hit our target. We’ve always known that our fans and the beer community were enthusiastic about the offer and keen to get involved, but we have been truly bowled over. It’s now a matter of breaking ground on our site, which we are now in final negotiations to secure.”
Innis & Gunn was founded in 2003 and turned over £11.8 million in 2014, up from £10.5 million in 2013. Last year the company sold more than 20 million bottles of beer and recently launched its first retail outlet, the Beer Kitchen, which is set to roll out five more venues around the country by 2017.
The new brewery is hoped to create an extra 35 jobs over the next four years.