The number of breweries in the UK has broken the 2,000 barrier for the first time since the 1930s, increasing by 64% in the past five years, according to the latest figures from accountancy firm, UHY Hacker Young.
Between 2015 and 2016, the number of UK breweries has risen by 18% from 1,692 to 1,994. Since 2012, the number has risen by 64% from 1,218.
What’s the reason make brewery increase fast?
According to the report,the increase both to the UK craft beer boom and to the tax break afforded to micro-breweries that brew less than 5,000 hectolitres, and subsequently pay 50% less duty.
In addition, the accountancy firm states that “a number of high profile merger and acquisition deals in the sector continues to attract investors into the sector to help fund microbreweries”.
The firm states that if more craft brewers are acquired by big beer companies, “decisions will have to be made as to whether the small craft brewers’ production site is closed”.
“The craft beer boom has reversed around 70 years of consolidation in the brewing industry. There is plenty of growth still to come. However, the majors are beginning to make a fightback by acquiring craft brewers and launching their own artisan style brands said
“The craft brewers can’t afford to rest on their laurels they will need to work hard to get their product into that limited shelf space and bar space”.
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