Clonakilty Distillery raises €2.5m through State’s tax relief investment scheme

📆 28/04/2023 01:42 p. m.
📰 businessposthq

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Ceo Michael Scully said the funds would be used to continue laying down whiskey and for investment in marketing

Clonakilty Distillery, the Cork-based whiskey maker, has raised a further €2.5 million through the state’s EIIS tax relief investment scheme.

Clonakilty has raised €8.4 million to date through the EIIS, according to Michael Scully, the company’s chief executive. It plans to raise further funds this year, he said, to bring its total fund-raising to around €11 million.Earlier ...

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