Shareholders will have the opportunity to invest in a growing distillery operating in a rapidly expanding craft spirits market. The distillery operates a multi-faceted business as a producer of premium spirits and an award-winning tourist attraction in the Lake District National Park.
In addition to owning a part of this business with hugely profitable growth prospects, investors who are UK taxpayers will be eligible for Enterprise Investment Scheme (EIS) relief. With EIS, investors can claim back up to 30% of their investment in income tax relief and will not pay capital gains tax on any gains they make if they sell their shares.
Investors will also receive benefits such as discounts for the online ecommerce store and onsite gift shop alongside guided tours of the distillery.
Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution.
Who are Crowdcube?
Crowdcube is one of the UK’s leading equity crowdfunding platforms, named the leading crowdfunder for investment following a record-breaking start to 2017.
They were formed with the aim of giving people the opportunity to become what they describe as “armchair Dragons” and help support exciting new British businesses. They have backed over 500 raises, to a total of over £347,000,000.
How does it work?
Become a member of Crowdcube – it’s free, and you just need to enter a few short details. You can do this any time before the 6th of November or after we’ve started the raise.
On the 1st November, The Lakes Distillery raise will be open for investment to our VIPs and existing shareholders for a private preview. From the 6th November, we will be open for public investment.
Click on our profile on Crowdcube, enter the amount you wish to invest in the 'Enter Amount' box and click 'Invest now'.
Leave your debit or credit card details with Crowdcube’s third party payment provider, Stripe. Payment will only be taken when we hit our target of £1m raised. You will also be given 7 days to review your investment once the legal paperwork has been provided.
Minimum investment is just £10, and you can invest in any multiple of £10.
1 November: Investment opens privately to VIPs and existing shareholders
6 November: Investment opens to public
6 December: Investment window closes - subject to change. If we do not raise at least £1m within the 30 day time limit, the equity raise will fail and all monies will be returned to investors in full. If we meet our investment cap of £1.75m quickly, the window will close early.