12/01/2016

Creative coffee shop gets Cardiff launch with Finance Wales loan

A new family of Welsh artisan coffee shops which will provide inspiring, creative spaces for the business community was launched in Cardiff today thanks to a £150,000 Finance Wales loan.

New brand KIN+ILK is using the finance to open three new coffee shops in key business districts across the city centre creating up to 30 jobs, with Capital Quarter in the Cardiff Enterprise Zone being the first.

With an ethos which extends beyond the boundaries of the regular coffee shop concept, KIN+ILK aims to develop its venues as distinctively designed and modern spaces for businesses and freelancers to meet, as well as local artists, designers and photographers to exhibit in.

Founded by directors David Davies, Alex Jenkins, Angela Gidden and Rhys Champion, the company has a strong Welsh focus using locally sourced food and drink from artisan producers.  

Managing Director, Davies, has extensive experience setting up and running businesses in Wales. He believes the KIN+ILK concept will resonate with the professional communities in Cardiff and beyond:

 “We have a strong vision for KIN+ILK creating distinctively designed venues with great coffee, food and drink that brings together creative, business and entrepreneurial people to meet, eat, drink, connect and collaborate in calm and inclusive spaces.  We want our coffee shops to host regular events and inspiring talks, to really engage with local freelancers, business owners and business leaders.

“We’re really excited about opening in Capital Quarter; its recent development has made it a prime location for professionals in Cardiff. We’ve also acquired sites in Pontcanna and Cardiff Bay for launch later this year and, in time, want to extend the brand out into other UK cities with vibrant business centres.

“Through the Welsh Government, we were introduced to Finance Wales and they have been key in providing the right financial package to support the launch of the KIN+ILK brand in the phased manner we wanted.”

As well as serving a carefully crafted menu of artisan teas, coffees, lunch options and sweet treats, KIN+ILK will also offer wines, craft beers and ciders, with a licence to stay open in the evenings.  Senior Investment Executive, Cenydd Rowlands, structured the £150,000 funding package and commented:

“KIN+ILK has a very impressive and successful management team behind it who conducted a great deal of in-depth market research before launching the business. They are very passionate about creating a strong brand with Welsh roots and, with a number of new sites lined up for 2016, they already have a robust growth strategy in place. 

“The huge demand for coffee shops continues throughout the UK but recent years have seen a significant increase in popularity for the smaller, independently-owned artisanal offerings in addition to the multi-national operators.  The KIN+ILK concept is set to take the lead in this trend and offer customers the next stage in the local coffee shop experience.  This creative approach makes the opening of their first store in #1 Capital Quarter even more exciting.”

The UK coffee shop industry has grown consecutively for the last 16 years and is one of the most successful sectors in the UK economy with nearly 19,000 outlets across the country.