The English winemaker Chapel Down is asking the public to take part in a fresh funding round worth up to £7m that will help the business expand its vineyard in the North Downs and ramp up exports.
It is the Kent company’s latest attempt to tap into investor enthusiasm for homegrown tipples as the democratisation of shareholding grows.
Chapel Down plans to use the money to scale up its wineries and finish planting grapevines on the North Downs, where its vineyards are expected to produce an extra 500,000 bottles of English sparkling wine a year. Some of the cash will also help develop its online sales portal and export business.
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