Young Welsh chef set to serve up success thanks to a Finance Wales micro loan
A talented young Welsh chef is making his mark on a popular
North Wales bistro thanks to a £40,000 micro loan from Finance
Gerwyn Williams, whose cooking has been
mentioned in The Good Food Guide, recently took over the well-known
Conwy restaurant, Bistro Betws-y-Coed.
Mr Williams combined the micro loan with a
loan from Lloyds and his own capital to secure a 10-year lease
on the restaurant as well as to cover initial rent payments and
other start-up costs.
“I’ve worked and trained in many of North
Wales’ best restaurants as well as at Bryn Williams’ London
restaurant, Odette’s. Added to this, I ran Y Tanerdy in Llanrwst
for two successful years. All of this experience has certainly
helped me whilst taking on the challenge of running a
well-established local restaurant in a community I know well.
“Bistro Betws-y-Coed’s potential is huge as
it’s in such an excellent location and the loan from Finance Wales
provided me with the capital I needed to begin making the most of
this potential. I’m really enjoying working with the local farmers
and producers I know to create a dining experience that really puts
my restaurant on the map.”
Local intermediary Trefor Rowlands introduced
the experienced head chef to Finance Wales.
Investment Executive, Svetlanna Goode, a micro
loans specialist at Finance Wales said: “Gerwyn has had a varied
career working in a number of busy, highly regarded restaurants and
he also received some excellent reviews at Y Tanerdy. He’s
built up a wealth of experience in the restaurant trade and is now
keen to make his mark with Bistro Betws-y-Coed.
“Bistro Betws-y-Coed is located in a real
tourist hot-spot, has an excellent reputation and Gerwyn
wants to build on this reputation to turn it into a real
destination restaurant. Finance Wales’ micro loan is part of a
larger funding package which is enabling him to achieve his
Finance Wales made the loan from the Wales
Micro-business Loan Fund.
Micro loans from Finance Wales can help with a
range of investment needs, including start-up costs, capital
expenditure and stock purchases. Businesses often use them to
unlock much-needed additional investment. Finance Wales has a
streamlined application process which ensures it can be responsive
to businesses’ needs.