This report was approved under delegated
authority for the award of a loan agreement to Pressure Drop
Brewing Ltd for the value of £155,000 subject to the approval
of planning permission for change of use.
The business will use the loan in order to refurbish the property
to operational standards and to purchase new equipment. Works
include a new tiled floor, removal of an existing mezzanine,
general renovation of the unit, installation of a new 32HL brewery,
fermenting tanks, steam systems and cooling systems, cold rooms,
storage facilities and a packaging line. They also intend to make
the most of the additional operating space by installing a tap
room, open to the public.
OIF will be used specifically for the building works including an
epoxy screed and tiled floor and drainage works, which will cost
around £90,000 and purchase and installation of a steaming
and cooling system (£65,000).