13 June 2017
The Goodbody 2015 EIIS Fund invested in The Shed Distillery of PJ Rigney in Drumshanbo, County Leitrim. The distillery, the first in Connacht in over 101 years, is now in its third year of operation. The distillery’s first brand, Drumshanbo Gunpowder Irish Gin is distilled with oriental botanicals and gunpowder tea, is going from strength to strength in Ireland and internationally.
The distillery has also received planning permission for a 6,000 square-foot visitor experience. The new visitor experience will allow people to experience the process of slow-distilling “premier grand cru Irish whiskeys” and small batch gin. The state of the art visitor experience is set to create ten new jobs at full capacity and aims to attract 10,000 visitors in its first year of operation. It will be a great asset for the local community in Drumshanbo and County Leitrim generally.
The Goodbody 2016 EIIS Fund is currently seeking further investment opportunities. The Fund will invest in established Irish SMEs seeking to grow. With €10m to invest, the fund will consider investments ranging from €500k up to €3m with the possibility of follow on funding in the future if required.