At Eight Degrees Brewing, we are about to embark on our next big adventure – and we’re asking you to get involved!
The demand for our beer is exploding and in order to meet this exceptional demand, owner/brewers Cam Wallace and Scott Baigent have searched the world looking for great brewery equipment. They located the best German-manufactured brewing equipment off the coast of East Africa, flew straight to Mauritius to check out (there were many volunteers for that job!) and now we have to bring it back to Ireland.
We have joined up with Linked Finance, an Irish crowd-funding platform, to raise funds to bring this beautiful brewery from Mauritius to Mitchelstown. Linked Finance facilitates peer to peer loans to small/medium sized businesses. This partnership will enable Eight Degrees to raise the necessary money, building on the substantial bank funding that we have already secured. It also gives us a chance to bring our own customers along (virtually!) on the journey: Eight Degrees Brewing at Linked Finance.
While Cam and Scott were in Mauritius, they didn’t want everyone else to miss out so they kindly made a video of the brewery that we want to bring back to Mitchelstown. Just to prove that the trip wasn’t all about beach time.
You’ll find more information over at Linked Finance’s Marketplace – Eight Degrees Brewing.
About Eight Degrees Brewing
Eight Degrees Brewing is an award-winning independent Irish craft brewery based in Mitchelstown, Co Cork. Cam Wallace and Scott Baigent set up Eight Degrees Brewing in June 2010. At the time, there was very little awareness of craft beer in Ireland – and very little Irish craft beer available – but the lads were convinced that the market was about to shift.
Since launching their flagship beer, Howling Gale Ale, in April 2011, Eight Degrees Brewing has been leading the way in producing full-flavoured craft beers in Ireland. Renowned for its experimentation and innovation, Eight Degrees has a committed and interactive consumer base who demand high quality and speciality beers.
It’s not just in Ireland that the quality of Eight Degrees has been noted. In April 2014, in what is considered the brewing Olympics, they won a World Beer Cup bronze medal in Denver for their Amber Ella beer. The achievement is particularly noteworthy, given that they entered an American-style beer into one of the two most sought after American-style categories within an American awards process. They also won three Gold Stars in the Great Taste awards this year, which are the world’s largest blind tasting awards. Eight Degrees also took a silver medal for their Sunburnt Irish Red in the Global Craft Beer Awards held in Berlin this July.
Eight Degrees Brewing has grown by 148% over the last two years and is now nearing full capacity with its current brewery. In order to expand their operations to the next stage, they need to significantly invest in brewing equipment. With luck, the brewery has identified some of the best second-hand German brewing equipment in the world – which just happens to be on the island of Mauritius, off the east coast of Africa. Cam and Scott wasted no time checking that prospect out.
Why should I lend to Eight Degrees?
Over the past four years, Eight Degrees Brewing has proven the concept that full-flavoured tasty craft beer is here to stay. They have never defaulted on any loan payments or payments to any creditor and its owners and directors take a conservative approach to the company’s finances. Co-owner/brewer Cam Wallace, is a chartered accountant with over 15 years’ experience in consultancy, including working for firms like Ernst & Young. His business partner, co-owner/brewer Scott Baigent, is a civil engineer and hydrologist who set up the production and operations at Eight Degrees. Eight Degrees Brewing has an impeccable credit rating and history.
How will this loan make a difference to the business?
The relocation and installation of the brewery from Mauritius to Mitchelstown is a massive undertaking. The project will be funded in part by the Linked Finance loan, along with additional bank support and Eight Degrees Brewing’s own resources. Despite the magnitude of the project, Eight Degrees Brewing will proudly remain an independent Irish business.