Turtle Bay secures expansion funds for 10 more sites

By Mark Wingett

- Last updated on GMT

Related tags: Restaurant, United states

Caribbean restaurant group Turtle Bay has secured a new tranche of bank funding which will allow it to open 10 new restaurants
Caribbean restaurant group Turtle Bay has secured a new tranche of bank funding which will allow it to open 10 new restaurants
Turtle Bay, the Caribbean restaurant concept developed by Ajith Jayawickrema, one of the founders of Las Iguanas, has secured new funding, which will allow it to open 10 new restaurants over the next couple of years.

The four-strong chain has secured a financing agreement with Santander Corporate & Commercial, which willl aid its expansion across the UK, with a fifth site in Leicester’s Highcross shopping centre set to come on line this summer.

Turtle Bay

Turtle Bay opened its first restaurant in Milton Keynes in 2010​ and has since opened sites in Bristol, Southampton​ and Nottingham.

“I’m delighted that we’ve secured this funding with Santander, which will enable us to open up to 10 new restaurants and create around 200 new jobs over the next couple of years," Jayawickrema said.

The Turtle Bay concept is focused on sharing nibbles and so-called cutters, Jerk Pit BBQ dishes, one pot meals and salads. The company also offers take-out services at its four sites.

"At Turtle Bay, we aim to capture the Caribbean island vibe by serving up exceptional, authentic dishes in an environment inspired by the love of laid-back living – it is a unique dining experience, so we hope our new locations will prove as popular as they have been in the four locations we already have."

Complete faith

Simon Whyatt, relationship director for Santander Corporate & Commercial, said: "I am delighted we have been able to support the growth plans of Turtle Bay. The casual Caribbean dining concept works really well and is something that hasn’t really been done before.

"Ajith’s vision has worked incredibly well in the past, with Las Iguana’s for example, so we have complete faith that he will make a real success of this, his next venture."

This story was first published by BigHospitality's sister publication M&C Report. To subscribe to M&C Report​ contact Emily Croft on 01293 846578 or email rzvyl.pebsg@jeoz.pbz​.

Related topics: Business, Venues, Restaurants

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