Another day, and another Scotch distillery project appears. No doubt funding will come from an issue of founders’ bonds or future cask sales, and a diverse group of private investors, while early income will be predicated on sales of gin and new-make spirit. You get the picture.
So we look at the case of Mossburn Distillers Ltd. with a slightly seen-it-all-before eye. We chat with chief executive Neil Mathieson, who outlines two distillery projects, one on the Isle of Skye and another near Jedburgh, in the Scottish Borders. Talk turns to likely expenditure; and Mathieson mentions that the Borders plans...