Derbyshire brewer has expansion in the can with £150,000 funding deal
Ripley-based Pentrich Brewing Co has received a £150,000 investment to help expand its production of cask beers.
The company will to use the cash to invest in new equipment and make both keg and canned beer in addition to their existing range of cask beer
The funding was provided by the Midlands Engine Investment Fund (MEIF) through First Enterprise – Enterprise Loans.
The company was founded in November 2015 by Joe Noble and Ryan Cummings.
Noble said: “Since founding the business in 2015 we’ve built a strong recognisable brand as well as a base of really loyal customers. However, we were operating at maximum capacity and, in order to grow, we needed to seek extra help.
“We’re therefore excited to put the funding to good use, starting by investing in better equipment. This will enable us to make both keg and canned beer in addition to our existing range of cask beer, which will significantly aid our expansion and has helped us diversify during the COVID-19 pandemic.”
Kamran Hassan, business development manager at First Enterprise – Enterprise Loans, said: “Joe and Ryan started thanks to a passion for good quality beer but it’s turned into so much more than a hobby business. With a local reputation for producing great cask beers, the brand has a massive amount of potential. We’re delighted to support the duo with MEIF funding and wish them the best of luck expanding the business.”