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Home » Business News, News in Brief

Finance Birmingham feeds handmade burger Company growth with £600k funding deal…

Submitted by on July 17, 2015 – 7:15 am |

L-R (Richard Sargeant, Owner, handmade burger Company;  Clive Broadhurst, Investment Director, Finance Birmingham; Chris Sargeant, Owner, handmade burger Company)The Birmingham headquartered handmade burger Company has received a £600k cash injection from Finance Birmingham to support the fit out of its latest restaurant in Grand Central, the city’s newest retail and leisure destination, due to open in the autumn. The funds will also see the business refurbish two of its existing outlets in Brindleyplace and Touchwood Shopping Centre in Solihull later this year.

The company’s new restaurant in Grand Central will be its largest to date with a 200-seat capacity. It is expected to create 19 new jobs when it opens in late September.

The £600k deal will also see handmade burger Company refurbish two of its existing restaurants at Brindleyplace in Birmingham City Centre and Touchwood Shopping Centre in Solihull. The work on these outlets is due to be complete by the end of the year.

The BrindleyPlace restaurant was the national brand’s very first restaurant and opened in 2006. Following its success, the Touchwood restaurant opened the following year and handmade burger Company now has 23 restaurants open across the UK.

Clive Broadhurst, Investment Director at Finance Birmingham, said:

“handmade burger Company is a true example of how the Midlands creates and supports entrepreneurial businesses. From a single family-run restaurant in Birmingham in 2006, the company has grown to a national brand with an incredibly loyal following.

“This funding deal will allow the business to realise ambitions to open in the UK’s newest premiere leisure destination at Grand Central in Birmingham. It’s a homecoming of sorts, but one that marks the beginning of a new period of growth for a company on the up.”

handmade burger Company currently employs more than 200 staff across its 23 locations in the UK.

The investment from Finance Birmingham’s £9 million Regional Growth Fund will allow the business to build on current success and secure the first stage of wider expansion plans.

Chris Sargeant, Owner of handmade burger Company, said:

“As a business, our ambitions were first brought to life in Birmingham so it is fitting that our growth continues to be fuelled by the city that has long supported us.

“Finance Birmingham took the time to understand our business, growth plans and the speed at which our industry moves. They are an agile and highly experienced team that have allowed us to make huge strides in our nationwide expansion plans in a short space of time, starting in the Midlands with a prime site in the city’s Grand Central Station.”

Finance Birmingham provides finance to SMEs – from any sector and across all parts of the UK – to help them expand, compete and innovate.

Since launching in 2011 the team has helped over 150 firms with funding packages of up to £2 million.

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