London-based Spanish themed restaurant secures £3m in BGF funding

Investment to support Camino’s roll-out programme

Spanish bar and restaurant chain Camino Leisure Holdings has received a £3m investment from the government-backed Business Growth Fund Scheme. The new funding from BGF, which was launched with the intention of providing support to growth-focused small and medium-sized businesses, is set to aid the planned roll-out of the London-based bar. With a turnover of £6m, the tapas restaurant and bar chain currently holds sites in London’s King’s Cross, Canary Wharf and Monument, while plans for the launch of a fourth site in Blackfriars in spring 2013 are underway. Founded in 2007 by Richard Bigg and Nigel Foster, the Spanish-themed venues are among a host of bars and restaurants owned by the pair across the UK, which include Cargo and Cantaloupe in Shoreditch, Market Place near Oxford Street and the Big Chill chain of bars in Kings Cross, Brick Lane and Bristol. Following the expansion of Camino across London, the business partners plan to grow the business nationally in the longer term. With the Spanish dining market expected to grow annually by approximately 10% over the next three to five years, Richard Bigg co-founder of Camino is optimistic that the BGF funding will enable his venture to reach its full potential. He commented: “With four restaurants in London by spring next year, we feel ready to take that experience to a wider UK market. “BGF offered us a different option and we’re looking forward to working with them to bring Camino to a greater audience in London and the UK.”

Comments

(will not be published)