The market leader in English wines is set for fresh growth following the launch of a major crowdfunding initiative.
Tenterden-based Chapel Down Group aims to attract up to €5m in what is believed to be the first time a quoted company in the UK has used crowdfunding to reach investors.
The award-winning wine and beer producer, whose shares trade on ISDX, worked with solicitors Cripps in developing the proposals, which allow wine lovers to share in Chapel Down’s success.
“This is a very smart move by Chapel Down and just the sort of step you would expect from the most innovative brand in English wine production,” said Salim Somjee, who worked with Phil Cunningham, partner, and Helen Garner, associate, as part of the Cripps team advising Chapel Down.
“Not only is it an efficient method of raising money to invest in new capacity but it also offers an easy way for people with a passion for good quality wine to take a direct...