Northern Monk started their crowdfunding campaign on Thursday; within just 3 hours, they’d raised their target of £500k.
The Leeds-based brewery laid out plans for the capital raised, with 100% of the money going towards growth and brand development. The plans include 8x 10,000 litre fermentation vessels to triple their brewing capacity, a new canning line capable of canning 8,000+ cans per hour and developing a wild beer and barrel-ageing programme. This will now become a reality, as they stormed their way to £500k in just 3 hours.
Not content to stop there, you can still invest. If Northern Monk get to the £1 million mark, their aim is to open a taproom in Manchester and a brewpub in London within the next 12-24 months. They’re currently on the third day of the crowdfunding campaign and have already raised £750k. With 28 days left, they’ll surely reach this overfunding target, too.
Northern Monk’s journey originally began in 2008. Inspired by trips to the United States and Belgium, they entered a young entrepreneurs’ competition with an idea to start a new brewery incorporating US branding, the magic of Belgian beer, the heritage of beer in Britain and an identity that reflected their roots. The idea did well but the decision was made to focus on their day jobs.
In 2013, things changed. After receiving £5k from a Grandparent who sold her home and split the equity between her grandchildren, Northern Monk truly began; from starting life in a parent’s cellar, using other breweries’ facilities and selling at farmers’ markets across the North. Now look where they are; employing 30 members of staff, selling beer in 22 different countries and set to produce more than 3 million pints of beer in 2018.
For full details, check out Northern Monk’s blog and if you’d like to invest, head over to Crowdcube now.
