A Leeds-headquartered restaurant and delicatessen chain has secured an investment of £3.5m in order to fund its expansion across the North and the Midlands.
Filmore & Union currently operates 14 sites and recently opened a concession in John Lewis secured the £3.5m investment from the Business Growth Fund (BGF) to accelerate its new site rollout.
Created in 2012 by Adele Ashley, the business serves a menu of fresh and seasonal food and drinks using local produce to create energising breakfasts and lunches, as well as gluten-free cakes.
Starting from a single site in York, Filmore & Union now runs restaurants across Yorkshire including Ilkley, Harrogate, Beverley, Skipton and Wetherby, as well as delis in Newcastle and York train stations.
The business successfully raised £865,000 on Crowdcube in 2015 and generates revenues of more than £6m.
Adele Ashley explained: “We believe there is a very clear market opportunity to expand the Filmore & Union portfolio.
“We have built a loyal customer base who feel an affinity to the brand and share our passion for eating well.
“We have built the business in Yorkshire and the North East and are excited to expand the brand across the North of England.”
He added: “We are delighted to be partnering with BGF.
“We had a number of other options, however BGF’s long-term approach as well as its broader network, was very attractive and the investment will help us accelerate our growth plans.”
Kevin Bacon, former managing director of Frankie & Benny’s and Jamie’s Italian will join the company as non-executive chairman, following an introduction by BGF.
The investment into Filmore & Union was led by BGF’s Chris Boyes and Mike Clarke, who are based in Leeds.
BGF’s Chris Boyes added: “Adele has created a popular restaurant concept which caters to the growing market for customers who are focused on eating well.
“The team has established a good foundation to continue the rollout across the UK, and we are excited to support the next stage of growth.”