Jackson distillers is the latest company, and the first Scotch whisky distillery to join Scotland’s Green investment portfolio. The project based in St Boswells in the Scottish Borders aims to be Scotland’s first carbon neutral grain whisky distillery.
Planning permission for the construction of the £50m distillery was granted in 2021, and fundraising for the project is due to complete by the end of 2022.
The distillery will source grain from local farms to provide the Scotch whisky industry with high quality spirit for blending, as well as producing neutral spirit for Gin production.
In addition to reducing carbon miles for its grain, Jackson distillers has designed a state-of-the art plant around a vision of being the most resource-efficient producer of grain spirit in Scotland. The distillery will use around a quarter of the water normally required for production, and waste product will be converted into energy through the natural process of ‘anaerobic digestion’.
Trevor Jackson, Founder & CEO of Jackson Distillers, said: “We are delighted to have been selected to join Scotland’s Green investment portfolio, an elite group of innovative businesses who share our ambition of a low carbon future. I am particularly excited about working with Scottish Development International (SDI) and other Scottish government bodies to make this transformational opportunity for the Scottish Borders a reality.
With planning permission now in place, Jackson distillers have created a highly competitive ‘market ready’ investment which will provide a crucial ongoing contribution to the local rural economy”.
Led by the Scottish Government and supported by SDI, the international arm of Scottish Enterprise, the Green Investment Portfolio contains more than £1 billion of low carbon, eco-friendly and recycling projects that are seeking private capital.
Mark Hallan, Director Global Investment at Scottish Development International, said: “The Green Investment Portfolio highlights significant, market-ready, investment opportunities that will help Scotland transition to a net zero economy by 2045.
“This ample portfolio of assets has been significantly enhanced by the addition of Jackson Distillers’ innovative new grain whisky distillery. This will also be the first of our Green Investment Portfolio projects to be based in the Scottish Borders, demonstrating that private capital investment opportunities exist the length and breadth of Scotland.”
Scotch whisky accounts for 75% of Scottish food and drink exports, providing £5.5bn in gross value to the UK economy. The addition of the planned distillery in St Boswells will make a significant contribution to the Scotch Whisky Association’s sustainability strategy plan for the industry of achieving Net Zero emissions by 2040.