INNIS & Gunn has pledged to double in size in the next three years after swinging back into the black with a pre-tax profit of £331,000 as revenue climbed more than one-fifth to £14.3 million.

The brewer said reaching its target would make it one of the most valuable craft beer brands in the world.

Over a year which the Scottish brewer called “transformational”, Innis & Gunn acquired the Inveralmond Brewery - now The Innis & Gunn Brewery – in Perthshire and opened two new Beer Kitchens in Scotland.

It also restructured the way it operates in the US and France, signed distribution deals in China, Hong Kong and Taiwan and raised £2.5 million in equity crowdfunding.

“On every dimension, our business grew during the year,” said founder and master brewer Dougal Sharp. “Even more importantly we laid the foundations from which we plan to double the size of our business over the next three years through our ‘beers, bars and brewery’ strategy.”

Mr Sharp said this would achieving this would “build Innis & Gunn into one of the world’s most celebrated and valuable craft beer brands”.

In addition to outlining this new target, Innis & Gunn said it was “well on target to reach its publicly

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