New World Trading Company, the Graphite-backed pub company, has secured £23m investment from NatWest.
The finance package includes a £4m capex facility which to support the company’s ambitious expansion plans across the UK, with six new sites a year planned going forward.
The group has openings under its Botanist model lined up in Didsbury and Reading in the coming months, as well as a new concept launching in Birmingham – the Canal House.
NWTC chief executive Chris Hill said: “We are grateful to NatWest for their support and belief in our brand and to Graphite for their continual encouragement since the investment. We look forward to pushing forward our expansion plans throughout 2017.”
Neil Parry, head of leisure for NatWest, said: “The New World Trading Company is a business we have admired from day one. We are pleased to be partnering with the management team and providing the funding for the next phase of their very successful roll-out programme. With 16 sites today, NWTC is now regarded as one of the leading emerging brands in the UK Hospitality market.”
