Independent Scottish whisky producer, Nc’nean Distillery Limited, has received a significant funding package from Virgin Money, backed by the UK government’s UK Export Finance (UKEF) which issuing a general export facility (GEF) loan guarantee covering 80% of the financing.
As well as being crowned Craft Producer of the Year 2023 at the Icons of Whisky Scotland Awards, Nc’nean were recently recognised at no. 21 in the World’s Most Admired Whiskies.
The distillery near Drimnin on the Morvern peninsula produces organic whisky and is known for its dedication to sustainability, as well as its experimentation with different strains of yeast. The team use 100% organic Scottish barley in a distillery powered by renewable energy from a wood-chip biomass boiler, recycle 99.97% of their waste, and bottle the whisky in 100% recycled glass.
The funding will help Nc’nean continue to grow and move into new international markets, with the US and Canada a key growth area for the distillery.
Annabel Thomas, CEO of Nc’nean Distillery, said, “Our partnership with Virgin Money has been critical to Nc’nean as we develop and grow the business, and this recent funding package has been fantastic to support our expansion to new markets.”