POD, the healthy fast food concept founded by Tim Hall, is targeting operating an estate of 50 sites by 2014, which will include its first move outside London into key cities across the UK. Speaking at M&C Report’s 2011 Restaurant Conference, Hall said the chain, which recently opened its 15th site in the capital ion Islington, had just signed a lease for its 22nd site and expects to have 30 units operational by May next year. The London-based chain, which is was founded in 2005 and is overseen day-to-day by Kate Skerritt, ex-Pret A Manger, started the year with nine sites, but is expect to finish it with closer to 20 outlets. The company, which received a £2.5m cash injection from private group JGR Capital earlier this year, includes Nicolas Payne, ex-business development director for Burger King Europe and Christopher Upton, ex-Malmaison, as shareholders. James Paget, managing director at UBS Investment Bank, has also joined the chain’s board as a non-executive director earlier this year. Hall said that the company, which initially opened three sites in three years, had raised £500,000 in 2005 to start the company and raised a further £2m in 2008. He said: “In total we have raised £11m so far to finance our expansion and now we are self financing.”