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Last Updated: Thursday, 11 March, 2004, 08:45 GMT
Brewers express interest in site
Redruth Brewery
A brewery has been on the site for more than 260 years
There are hopes of a reprieve for one of Cornwall's oldest breweries, which has been in financial crisis since January.

Twenty-six jobs will be lost when Redruth Brewery closes on Friday.

But administrators say at least two other beverage companies are interested in taking over the site, which has seen beer-making in the town since 1742.

The business will be advertised on the open market next week in an attempt to attract other would-be buyers.

If another brewery gets involved, that can only be good
Sue Fowler, Mayor of Redruth
Production has been gradually running down at the brewery after administrators were called in back in January.

It is believed the site has been eyed up by developers. However, joint administrator Ian Walker said he hoped the site would continue to make beer.

He said: "I would very much like to see a brewery continue on the site, and I know there are a lot of people in the area who would be very disappointed if that tradition was not continued.

"I am negotiating with a number of parties, some of whom are interested in taking over the brewery as it stands.

"But a lot is going to depend on if the people who want to run it as a brewery are willing to pay a similar sort of amount that I could get in selling it in some other way."

The closure is a blow to ambitious plans to regenerate the local economy.

Town mayor Sue Fowler said: "With all the regeneration we are planning, we were hoping to increase jobs and not lose them.

"Also it's got a lot of history, so people would be sentimental about it.

"It is a good site, it's not far from the town. If another brewery gets involved, that can only be good.

"I think it would be really good if we could have a visitor centre there."

But, despite the interest in the site, the administrators have said there was a long way to go before the brewery's future could be assured.

Brewery staff await buyer
07 Jan 04  |  Cornwall
Five jobs lost at brewery
06 Jan 04  |  Cornwall

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