Home | News and blog | Blog | Food for thought
02/11/2016

Food for thought – supporting the Welsh food and drinks business sector

Food and drink in Wales is big news.  It’s a sector we like to invest in with a lot of business opportunities. From small cafes and restaurants through to food manufacturers, more than 18% of people employed in Wales work in food and drink, generating over £6.5 billion annually. We’ve worked with a number of different types of food and drink business over the years, funding property deals, new equipment and general expansion plans.

Here’s three to give you a flavour of the types of businesses we can work with:

Porro – Italian-inspired restaurant in Cardiff
We helped fund the opening of a second Porro restaurant in Cardiff this November with a six-figure investment. The deal will create nine full-time equivalent jobs in their second Cardiff restaurant. With a focus on local suppliers, the team behind the small Welsh chain are keen to expand further.

Wholebake – seed and fruit health bar manufacturer in Wrexham and Corwen
We made a £750,000 debt and equity investment in Wholebake to help fund a management buyout in 2011. Following our investment the company has grown, with its products widely available in a number of UK-wide supermarkets. In 2014 we had a profitable exit from the north Wales business when Bridges Ventures acquired a controlling stake in the firm.

Wright’s Food Emporium – delicatessen and diner in Llanarthne
A £120,000 loan from Finance Wales helped transform the historic Golden Grove Arms in Llanarthne into the new home of Wright’s Food Emporium. The diner and delicatessen moved from smaller premises in 2015 as their business grew. They were also able to expand their range by buying in more stock for their deli and shop.

At Finance Wales we can invest from £1000 up to £3million. We offer debt and equity packages and can support a range of food and drink businesses. If you think we could help your business please get in touch by calling 0800 587 4140 or emailing info@financewales.co.uk