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Business loan to get ventures off the ground
Reported on Wed, 11 Jan 2006
A father and son team have confirmed they will be converting their family farm into a new whiskey distillery, after securing a business loan.
James and Andrew Nelstrop have received permission from local councillors to turn the farm near Thetford into the first whiskey distillery to ever be registered in England.
The first bottles of East Anglian single malt should be ready to drink in about five years time, and until then the distillery will rely on tourism to make money.
Mr Nelstrop senior said: "To start with, the pure novelty value will sell the first few batches, after that we have to be producing stuff that's good enough to survive on its own."
He added: "The nice thing about whiskey is it has some very avid fans."
Mr Nelstrop revealed that the last record of there being any whiskey distilleries south of the border dates back to 1876, before registrations became mandatory, and have long since ceased production.
Farsighted entrepreneurs like the Nelstrops should consider taking out a business loan in order to fund the necessary outlay to develop an idea into a thriving business. 