Hampshire-based Upham Pub Company has continued its expansion and fundraising drive, raising a further £2.6m and buying two pubs, M&C Report has learnt.
The most recent fundraising under the Enterprise Investment Scheme (EIS) took place in June and July and takes the total raised by Upham Pub Company to £16m over the past two and a half years.
The two new acquisitions, both acquired from private sellers, are the Peat Spade in Longstock, Hampshire, and the New Beehive at Canford Cliffs in Poole, Dorset. They take the estate to 11 sites.
Earlier this year the company bought the Wheelwright’s Arms in Havant the Rockingham Arms at West Wellow, Romsey.
In April, co-founder David Butcher told M&C Report: “We’ll aim to buy another four pubs this year, another eight next year and another eight the year after that.”
Upham is targeting between 20 and 30 sites.
The company has a sister brewing business, Upham Brewery, where there are also plans to increase production.