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Finance

Finance

Whether you’re a budding entrepreneur with a bold idea for a new restaurant concept or a successful hotelier with plans to expand an already popular business, this section has all the latest news and trends in hospitality finance to help you on your way.

Crowdfunding success accelerates Innis & Gunn Beer Kitchen rollout

10-Nov-2016 - Scottish craft brewer Innis & Gunn is planning to bring forward the opening of its Beer Kitchen sites in England and North America due to the success of its current...

The Cheese Truck overreaches crowdfunding target by £30k

08-Nov-2016 - Grilled cheese street food operation The Cheese Truck is to open The Cheese Bar in Camden after overreaching its £100k crowdfunding target by 30k. 

Chilango launches £1m crowdfunding campaign to aid regional expansion

26-Oct-2015 - Mexican fast food restaurant chain Chilango is aiming to raise £1m through a second crowdfunding campaign to kickstart its regional expansion plans.

Summer Budget 2015: Hospitality industry mulls 'considerable impact' of compulsory Living Wage

08-Jul-2015 - Introducing a compulsory Living Wage will have a 'considerable impact' on the hospitality industry, trade bodies have warned with employers facing higher wage bills and greater administration. 

Hummus Bros starts crowdfunding campaign to fund expansion

06-May-2015 - Mediterranean restaurant brand Hummus Bros has started a crowdfunding campaign to help fund its expansion plans. 

Strong performance for easyHotel

09-Dec-2014 - ‘Super budget’ brand easyHotel has announced a 34 per cent increase in revenue to £3.5m for the year ended 30 September 2014.

Ask the Experts

How to make the most of capital allowances

02-Dec-2014 - If you are in the hospitality sector and own a commercial property, you could be entitled to significant financial benefits due to a little known area of tax-relief called capital...

Bankers tell hoteliers how to get their support

27-Nov-2014 - Senior bankers from Lloyds, HSBC and Barclays spoke to hoteliers about the state of bank participation in the sector and the things they look for in loan applications at the...

Compulsory Living Wage could put over 200,000 hospitality jobs at risk

19-Nov-2014 - Making the Living Wage compulsory could cost UK businesses £4bn, the equivalent of 213,247 jobs in the hospitality sector, according to a Greater London Assembly (GLA) member.

Double-digit profit growth for regional hotels

24-Oct-2014 - Hotels in the provinces and Scotland outperformed London’s profit growth in September, according to HotStats’ latest report.

Investors ‘deploying equity’ on healthier hotel market

14-Oct-2014 - The hotel property market is benefiting from domestic and North American investors’ need to spend the equity they raised before the crisis, according to Christie + Co.

Strada sold to Sun Capital Partners for £37m

29-Sep-2014 - Tragus Group has sold 43 Strada restaurants to Sun Capital Partners (SCP) for £37m, claiming to have ‘secured a sustainable future for the business’.

Grub Club to launch crowdfunding campaign

26-Sep-2014 - Food start-up Grub Club will launch a crowdfunding campaign on 29 September to raise £250,000 to further the business.

#TaxEqualityDay: Pubs and restaurants unite for VAT cut

24-Sep-2014 - Over 15,000 pubs and restaurants across the UK cut their prices by at least 7.5 per cent on 24 September to show the positive impact reducing VAT to 5 per...

News in brief

Gaucho Holdings posts 3% sales increase

10-Sep-2014 - Gaucho Holdings has posted a 3 per cent sales increase for 2013.

Government scheme fails to boost SME lending

28-Aug-2014 - Business groups have called for government action after a new report showed lending to small and medium-sized firms (SME’s) such as restaurants, hotels and bars continued to fall in the...

Sector’s GDP contribution drops due to lack of funding

30-Jul-2014 - The hospitality sector’s contribution to Britain’s GDP dropped 0.2 per cent (£1.5bn) between 2007 and 2013, partly due to the lack of bank funding for SMEs, according to a report...

Banks are failing SMEs, finds competition watchdog

18-Jul-2014 - Banks are failing to provide the service and value that small and medium-sized (SME) businesses such as bars, restaurants and hotels need to thrive, according to a new report from...

Money for nothing: SMEs in dire straits over compliance costs

15-Jul-2014 - Hotels, restaurants and pubs are facing rising regulatory costs despite government promises to cut red tape, the Forum of Private Business has warned.

Chilango aims to raise £1m expansion funds with Burrito Bond

10-Jun-2014 - Mexican fast-food chain Chilango has launched a mini-bond on Crowdcube to raise funds for its expansion.

£30m alternative finance made available for hospitality

23-May-2014 - Alternative finance firm Liberis has allocated £30m to lend to the hospitality sector, providing a flexible solution to an industry that struggles to obtain bank funding.

With a little help from my friends: is crowdfunding the answer to the SME finance gap?

12-May-2014 - New research suggests that small and medium-sized businesses (SMEs) are facing severe challenges when trying to access financing – could crowdfunding fill the gap?

VisitEngland launches Government-backed flood recovery campaign

19-Mar-2014 - VisitEngland is today (19 March) launching a £2m Government funded campaign to support businesses affected by the recent severe weather and to drive holiday bookings in England.

Budget 2014: What can we expect from George Osborne?

19-Mar-2014 - The Chancellor George Osborne will today present 'a Budget for a resilient economy'. But with further calls for another beer duty cut and a reduction in VAT, hospitality professionals will...

Work that experience: The changing face of customer loyalty

19-Feb-2014 - Consumers have become ‘value hunters’ and are increasingly willing to go extra lengths to get the best deal, making it more important than ever to build the relationship that will create...

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