Living Ventures (LV), the north west-based restaurant and bar company led by Tim Bacon, plans to invest up to £1m to create Manchester’s first Michelin-starred restaurant in the heart of city’s Spinningfields area. Bacon told the Manchester Evening News: “I’m not going to be reserved about saying that. It’s going to be an ultra-fine dining restaurant – a destination food-based space for locals and visitors. “I want it to be somewhere very special. It will be the first time we go for Michelin and beyond, and that’s important because there’s no Michelin star restaurant in Manchester – and that’s just bizarre. It’s about time there was one and I make no apologies for that statement.” The group, secured £4m in new funding in December and plans seven new openings in total this year, including a new family-restaurant format and a fine dining venue. Earlier this week, it announced plans to open a second pub site called the Botanist in Alderley Edge, The 26-strong group, which plans to invest c.£8m on new openings this year, acquired the former Number 15 Wine Bar in the village through its New World Pub Company vehicle, with a re-opening of the pub scheduled for May/June.