A NEW vinyl pressing plant in Glasgow backed by Simple Minds’ Jim Kerr has launched a new crowdfunder campaign.
Rockvinyl is aiming to raise £1.75 million for the development of a 7000 square feet plant in Dalmarnock.
The company has now launched a crowdfunding drive in a bid to support its construction costs.
It is led by managing director and shareholder David Brady, a former graphic designer and print specialist.
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Brady said: “We are extremely excited to announce our Rockvinyl Crowdfunder and to begin pressing vinyl in our Glasgow pressing plant later this year… 2023 was an incredible year for vinyl record sales, with the growing global demand showing little sign of letting up.”
He is joined by an experienced board of non-executive directors and investors including Mark Mackie, chief executive of concert promoter Regular Music, and Mark Wilson, former manager of renowned Scottish bands Orange Juice, Trashcan Sinatras, and The Bluebells.
Other investors include financier David Low, who helped Fergus McCann take control of Celtic in 1994.
The start-up, which is scheduled to open for business in the spring, is looking to involve vinyl record aficionados and the investing public in the public share issue, with shares priced at £5 each from today (February 20).
Kerr, the lead singer of rock band Simple Minds, is among those in the industry to support the move.
“People know that for the last 30, 40 years Glasgow has produced some amazing music, some amazing labels, amazing bands, venues and events but finally Glasgow is going to have its own vinyl pressing plant,” he said.
"Rockvinyl is the missing piece of the jigsaw."
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