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Lifting Our National Spirit

28 January 2021

At the time of writing it's just a little over a couple of months ago since the whole of Scotland ‘Boogie Woogied’ all night long after David Marshall dived to his left to send Scotland to her first major football tournament in 23 years. The team lifted the entire nation just when we all needed something to smile about and you can be sure a dram or two of the finest Scotch was raised in celebration.

Covid-19 has had a devastating impact on our lives and we could do with more of the relief and pride our boys brought the nation. No industry has been left untouched by Covid-19 and the Scotch whisky industry has been heavily impacted. The sector is still suffering from the effect of US tariffs and has the current challenges of Brexit to contend with. The full impact of Covid-19 is yet to be understood and no one yet knows what the picture will look like for tourism and travel as we emerge from the pandemic.

Many economists believe the national recovery will be rapid. In the manner of recovery that followed the first and second world wars, rather than what followed the financial crashes of 1929 and 2008. China, for example, has largely contained the virus and has a growing economy again. The UK economy expanded at its fastest pace on record in the third quarter of 2020, although output was still well below pre-pandemic levels and was 9.7 per cent smaller than in the final three months of 2019.

 

No Sign of Slowing Down

 

However, despite all these challenges the Scotch Whisky industry remains resilient and will no doubt emerge victoriously and turn the corner just like our heroes in Serbia.

The industry shows no sign of slowing down and exciting developments on the horizon will hopefully allow the industry to assist a rapid recovery. We have the opening of the refurbished Glenkinchie Distillery in East Lothian and Clynelish Distillery near Brora to look forward to, as well as the much-anticipated reopening of Port Ellen Distillery, following a £35 million investment from owners Diageo.

Stirling will soon have its own distillery following the recent announcement of the exciting Wolfcraig Distillery.

 

The project, co-founded by former Whyte & Mackay chief executive, Michael Lunn, recently announced Richard Paterson has joined the team as master blender. Joining industry heavyweights including Dr Alan Rutherford OBE, a former production director at Diageo, Iain Lochhead, former Bacardi UK operations director and Ian Macmillan, former master distiller of Lowland distillery, Bladnoch. The project will incorporate a distillery, an interactive education-focused visitor attraction, a private tasting room and a 180-cover bistro restaurant and bar.

Looking ahead, Wolfcraig’s close neighbour, The Falkirk Distillery has now laid the first stone on its road to producing its first Lowland malt.

The distillers are using two ex-stills and a 4.5-tonne copper mash tun from the closed Caperdonich Distillery.

The foundations have recently been laid for The Port of Leith Distillery in Edinburgh, Scotland’s first vertical distillery to open in 2022, creating 50 jobs.

Construction at Leith Shore is now underway.

Also in construction is The Cairn Distillery in the Cairngorms. Built by Gordon & MacPhail and scheduled to open in Spring 2022 the distillery will include a visitor centre, retail space, tasting rooms and a coffee shop.

 

Matured New Releases

 

This year saw the first releases of some of younger distilleries such as AD/09.20:01 from the Ardnamurchan Distillery. The first legal Isle of Raasay Single Malt hit our shelves at the end of the year followed closely by the Lindores Abbey Distillery and GlenWyvis in 2021.

Ainnir, the maiden bottling from the Nc’Nean Distillery, saw the first bottle sold for a world record of £41,004!

 

While 2020 was a terrible year, let’s take inspiration from Scotland’s historic performance and as the national economy slowly emerges from this pandemic, let’s hope it’s also with a newfound sense of optimism.

As the ‘Broker of Choice’ to the Scotch Whisky industry, Bruce Stevenson will continue to give it our full support. You can learn more about our work in the industry here.

 

Graeme Dempster, Commercial Account Executive at Bruce Stevenson Insurance BrokersGraeme Dempster

Commercial Account Executive

 

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