BREWDOG has unveiled plans to raise £25 million through a fresh crowdfunding drive - a target more than five times higher than the sum it previously raised through its Equity for Punks scheme.

The craft beer specialist plans to use the funding to expand its brewery in Ellon and its global bar network. It is also planning to launch a craft beer hotel, custom sour beer facility and distillation plant.

The company is issuing a further 526,316 shares in the business, which will be priced at a minimum investment of £95 for two shares.

Brewdog, which has 27 bars around the world and exports to 55 countries, raised £4.25 in previous a crowdfunding drive.