Blast of the summer vine in the UK: English wine growth continues

Published 2024년 8월 6일

Tridge summary

English wine producers are experiencing a surge in growth due to the effects of climate change, with the industry seeing a 15% rise in turnover and a three-fold increase over the past five years. This growth is primarily concentrated in southern England, with vineyards in Sussex and Kent benefiting from warmer temperatures and more reliable crop yields. This shift has attracted increased investment, despite the historical challenges posed by the British climate. The industry is now facing challenges as first-generation investors seek to exit the market, with major players like Chapel Down up for sale. The UK has seen its largest vineyard harvest on record, producing 22m bottles, and is also profiting from tourism related to wine, which can account for 25% of total income.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Climate change has been impacting grape-growing globally, but as predicted English wine producers have become the winners of warming temperatures. Turnover at the biggest producers of English wine has grown by 15% in the past year, which itself follows a three-fold rise in the past half-a-decade, according to new data from accountants UHY Hacker Young. Particularly benefiting have been the well-established vineyards in the south of the country, across the Sussex and Kent chalklands, which producers are keen to stress is the same bedrock as found in Champagne and the north of France. But in the past weather has hampered investment in English vineyards, with the infamous British temperate climate holding back capital investment. Yet higher crop yields from more reliable and warmer weather, and a concerted movement by farmers and agricultural businesses towards grape-growing, has driven investors into the sector. As a result, the English wine world is now in a state of flux, as first ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.