BrewDog to give away 20% of profits each year Published duration 29 August 2017

image copyright Brewdog

Aberdeenshire-based craft brewer BrewDog is to give away 20% of its profits each year, the company has announced.

BrewDog said 10% would go to charity and the other 10% would go to its team.

The company said it could mean giving away more than £45m over the next five years through its Unicorn Fund.

The sometimes-controversial firm has grown rapidly from its founding, with a £20,000 bank loan, in Fraserburgh in 2007.

A major deal with Tesco was the breakthrough for founders James Watt and Martin Dickie, who were awarded MBEs last year

'Create a blueprint'

Mr Watt said of the annual profits giveaway: "We want to be the best company to work for, ever.

"We are going to be giving away 20% of our profits, for ever - 10% distributed evenly amongst our teams, and the other 10% we are going to donate to charity annually.

"We want to create a blueprint for a completely new type of 21st Century business."

BrewDog - now based in Ellon - has attracted controversy over the years.

BrewDog's Tokyo had an alcohol content of 18.2%.

It had unveiled a 32% beer called Tactical Nuclear Penguin. However, Schorschbrau then released the 40% strength Schorschbock, before BrewDog hit back.

BrewDog opened its first pub in Aberdeen in 2010, and is now expanding around the world.