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Retail & Consumer

Plan for new rum distillery as market now reaches £1billion

Mutley Distilleries wants to start rum production in former bank building in Plymouth

Rum is now a £1bn business in the º£½ÇÊÓÆµ

Is rum the new gin? Well, it's now a £1billion industry and rivalling the other spirit in popularity – and that’s why businessmen want to open a rum distillery in an abandoned bank building in Plymouth.

Mutley Distilleries wants to start “small-batch production of craft liquor” with bottles stored securely in the basement vaults at a one-time Lloyds Bank branch in the Mutley Plain area of the city.

The distilling equipment would be installed on the ground floor so the public can see the process in operation.

A planning application to change the use of the building to allow a “micro-brewery/distillery” has been submitted to Plymouth City Council. A statement said the project would bring an empty unit back into use, add to the vibrancy of the shopping street, improve the mix of businesses and attract more people.

A typical micro-distillery, of the typed proposed by Mutley Distilleries(Image: Stackhouse Design/Mutley Distilleries)

It is the latest in a stream of craft alcohol businesses attracted to opening in the city, including micro breweries, gin distillers, tap rooms and beer shops.

Even during the coronavirus lockdown a new microbrewery started production in the city.

As a manufacturing business, Plymouth’s Steel Brew Co can operate during the current restrictions, because the Government has not ordered factories to shut, and has begun brewing at the city’s Royal William Yard.

Rum, meanwhile, appears to be giving the success of gin a run for its money. The value of the rum market in the º£½ÇÊÓÆµ grew at a rate of 7.5% between 2017 and 2018, according to analyst GlobalData.