Pie maker to create 80 new jobs after securing financing package
A Bristol-based pie manufacturer will create up to 80 new jobs as it plans to open five new restaurants after securing a £1.4m finance package from HSBC, a recent news report has been able to suggest.
Pieminister will use the funding package to open and fit-out the new sites as part of the company’s strategy of targeting university cities in the UK, but also for refinancing existing sites in Manchester and Trentham in the Midlands, bringing the company’s portfolio of restaurants and cafes to 16.
The company was co-founded in 2003 by brothers-in-law Jon Simon and Tristan Hogg and its existing restaurants and cafes are in Bristol, Nottingham, Cardiff, Leeds, Oxford and London. is said to be considering Bath, Birmingham, Edinburgh, Glasgow, Leeds, Liverpool, Manchester and Sheffield for the new sites. It could also open another restaurant in Bristol if the right location becomes available.
Jon Simon, co-founder and managing director of Pieminister, said: "HSBC has believed in and supported Pieminister since we made our first pies back in 2003. The five new stores, which wouldn’t have been possible without this latest round of funding from the bank, will underpin the next stage of our growth plans and will help to increase our turnover by around £4.5m a year.
"The team at HSBC have been on hand every step of the way to ensure the needs of the business are met as we continue to grow our brand across the UK."
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