Peyton and Byrne secures £6.25m investment from Business Growth Fund

Funding set to support continued roll-out of high street bakeries and new restaurant launches

London-based bakery, restaurant and events service Peyton and Byrne has received £6.25m in funding from the government-backed Business Growth Fund (BGF). In return for the investment, which sees BGF’s Mike Johnson join Peyton and Byrne as non-executive chairman and Alistair Brew join the company’s board, BGF takes a minority stake in the business. Launched in 2005, Peyton and Byrne runs bakeries and restaurants at key central London locations, including the National Gallery, the Royal Academy of Arts and Kew Gardens. Founded by the face of BBC’s Great British Menu Oliver Peyton, who recently received an OBE for services to the hospitality industry, Peyton and Byrne also provides a service for private functions, which saw the company provide catering for over 650 events in 2011. With turnover reaching nearly £20m in 2012 and new venues consistently increasing turnover within their first year, Peyton and Byrne plans to use the latest investment to fund new restaurant and bakery launches. Oliver Peyton, commented: “Peyton and Byrne has established itself in some of the finest venues in the world and we believe that now is the right time for us to take the next step in our growth. “BGF are offering the chance to take full advantage of the opportunities available to us to and it is absolutely fantastic to see British retail businesses being backed in this way. “We liked the fact that BGF is providing expansion capital to high growth businesses like ours; the type of funding that will continue to contribute to the recovery of the UK economy.”

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