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30/09/2022
Titanic Distillers To Invest £7.6m In Belfast Visitor Centre
Titanic Distillers is set to create over 40 new jobs in Belfast as it invests £7.6million to create a new whiskey distillery and visitor centre in the Titanic Quarter.
The investment by the Belfast drinks company includes the redevelopment of the Titanic Pump-House.
Visiting the site today, Economy Minister Gordon Lyons said: "I'm pleased to see Titanic Distillers' investment coming to life at this historic Pump-House today. Once the redevelopment is complete, the distillery will produce quality single malt Irish whiskey, contributing to the growth of Northern Ireland's whiskey cluster.
"By making such as significant investment, this local start-up has already been able to increase its global sales and is now set to provide an exciting new tourism offering for Belfast and Northern Ireland. This significant investment by Titanic Distillers will create 41 jobs by the end of 2024, with over £1million of additional annual salaries contributing to the local economy once in place."
Richard Irwin, Director of Titanic Distillers, said: "There is a significant global market opportunity for Irish Whiskey and we're already seeing great success for our Titanic Distillers Premium Irish Whiskey in retailers throughout Great Britain. With significant investment in a dedicated distillery, we'll soon be able to produce and bottle our own products on this historic site and build on our success to date to grow in global markets, with an initial focus on the US.
"We're very excited to embrace the history of our distillery's location to create a unique product and visitor experience in a World Heritage Site, immersed in the spirit of Belfast's industrial and maritime past."
Due to open later this year, the conversion will include the installation of three large stills on a mezzanine floor overlooking the original pumping engines. All of the original pump equipment and associated internal historic features of the building will be retained.
Peter Lavery Titanic Distillers Director, said: ""In the days before Prohibition, Belfast was once the largest producer of Irish Whiskey on the island of Ireland. Whiskey has played an important part in the history of our city but there hasn't been a working distillery here for almost 90 years. We want to revive this great distilling tradition and bring Belfast back to the forefront of Irish Whiskey production, while at the same time telling the story of a glorious past when we led the way globally - not just in shipbuilding but across many areas of industry, manufacturing and innovation."
Invest Northern Ireland has provided support towards the creation of the 41 jobs and property assistance towards the redevelopment of the Pump-House.
Mel Chittock, Invest NI interim CEO, also welcomed the company's investment: "It's great to see the ongoing growth of the Irish Whiskey sector in Northern Ireland, and for us to be able to support this. We've worked with Titanic Distillers since 2020, offering business advice, and our property team has offered support to create this state-of-the-art distillery and visitor centre. We're also helping it to create a strong local team to drive business development and exporting, helping it to find its place on the world whiskey map."
Ten jobs are already in place and recruitment is underway with operations, distilling, hospitality and sales opportunities available.
Titanic Distillers has also availed of £2million of funding from Whiterock Finance through the Growth Finance Fund, part of Invest NI's Access to Finance suite of funds, with finance provided by the British Business Bank, Invest NI and private investors, Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC).
The investment by the Belfast drinks company includes the redevelopment of the Titanic Pump-House.
Visiting the site today, Economy Minister Gordon Lyons said: "I'm pleased to see Titanic Distillers' investment coming to life at this historic Pump-House today. Once the redevelopment is complete, the distillery will produce quality single malt Irish whiskey, contributing to the growth of Northern Ireland's whiskey cluster.
"By making such as significant investment, this local start-up has already been able to increase its global sales and is now set to provide an exciting new tourism offering for Belfast and Northern Ireland. This significant investment by Titanic Distillers will create 41 jobs by the end of 2024, with over £1million of additional annual salaries contributing to the local economy once in place."
Richard Irwin, Director of Titanic Distillers, said: "There is a significant global market opportunity for Irish Whiskey and we're already seeing great success for our Titanic Distillers Premium Irish Whiskey in retailers throughout Great Britain. With significant investment in a dedicated distillery, we'll soon be able to produce and bottle our own products on this historic site and build on our success to date to grow in global markets, with an initial focus on the US.
"We're very excited to embrace the history of our distillery's location to create a unique product and visitor experience in a World Heritage Site, immersed in the spirit of Belfast's industrial and maritime past."
Due to open later this year, the conversion will include the installation of three large stills on a mezzanine floor overlooking the original pumping engines. All of the original pump equipment and associated internal historic features of the building will be retained.
Peter Lavery Titanic Distillers Director, said: ""In the days before Prohibition, Belfast was once the largest producer of Irish Whiskey on the island of Ireland. Whiskey has played an important part in the history of our city but there hasn't been a working distillery here for almost 90 years. We want to revive this great distilling tradition and bring Belfast back to the forefront of Irish Whiskey production, while at the same time telling the story of a glorious past when we led the way globally - not just in shipbuilding but across many areas of industry, manufacturing and innovation."
Invest Northern Ireland has provided support towards the creation of the 41 jobs and property assistance towards the redevelopment of the Pump-House.
Mel Chittock, Invest NI interim CEO, also welcomed the company's investment: "It's great to see the ongoing growth of the Irish Whiskey sector in Northern Ireland, and for us to be able to support this. We've worked with Titanic Distillers since 2020, offering business advice, and our property team has offered support to create this state-of-the-art distillery and visitor centre. We're also helping it to create a strong local team to drive business development and exporting, helping it to find its place on the world whiskey map."
Ten jobs are already in place and recruitment is underway with operations, distilling, hospitality and sales opportunities available.
Titanic Distillers has also availed of £2million of funding from Whiterock Finance through the Growth Finance Fund, part of Invest NI's Access to Finance suite of funds, with finance provided by the British Business Bank, Invest NI and private investors, Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC).
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
