Cask sale to help support projects across Islay
SCOTCH whisky distillery Ardbeg has launched a new community support fund following its record sale of Cask No. 3 in summer 2022.
The Ardbeg All Islay Fund is a £1 million fund with the aim of supporting the local communty on Islay with environmental projects and sports and cultural groups as well for the next five years.
This follows on from the sale of the distillery’s Cask No. 3 in summer 2022, which was purchased by a private collector for a record-breaking £16 millon.
Ardbeg and partner South Islay Development (SID) are set to invite sustainability projects and organisations to apply for support from the fund. Some £200,000 of the £1 million will be allocated to the fund every year over the next five years.
Applications will be considered by a panel made up of two SID directors, five members of the local community and a representative from the Glenmorangie Company.
Applicants from across the island will have to meet certain criteria including supporting active lifestyles on the island, helping the local community or enhancing the environment through the likes of biodiversity improvements and peatland restoration.
Thomas Moradpour, chief executive and president at Ardbeg, said: “Many people have played a part in the story of the whisky that makes up Cask No. 3. It is only right that the communtiy in which our distillery is rooted should share the rewards of its extraordinary sale.
“We look forward to supporting some great causes with The Ardbeg All Islay Fund and making a real difference to the island.”
