Loch Fyne Restaurants has dismissed suggestions that it is to shut down its expansion programme, but has confirmed that it is to rein back on expanding through leasehold sites. The group, led by Mark Derry, is to focus on developing restaurants purely within the property estate of its parent company Greene King – for the moment. Derry, managing director, said that following its current opening schedule, which would conclude with the opening of a site on Gracechurch Street in the City of London later this year, it would concentrate on developing pub sites. Derry said: “We are not going to be cavalier in developing sites but we have not shut down our development programme. It would be fair to say that we will be more cautious [on leasehold sites] until there is more stability in the market. “We are in the luxurious position of having a parent company with more than 2,000 sites – why would we sign up to new leases when we have plenty of opportunities within Greene King? “There is probably a bit of a hole in the expansion plan but we are not filling the pipeline at the moment because we think that is the intelligent thing to do.” Derry said that once its current opening programme was completed – it had recently opened sites in Ascot and Alderley Edge, and would open at Kenilworth in six weeks and Gracechurch Street later in November – it would assess the next phase in concert with Greene King. Derry said: “The projects that we have done with Greene King pubs have been great, and we’re really pleased.” Derry did confirm that it would not be going forward with two other leasehold properties previously in its pipeline. “Two sites we were interested in for various reasons have not been delivered to us,” he said.