London bar and restaurant operator ETM has announced that a £10m funding package from HSBC Bank will support its growth plans.
The next new site to open will be Maple in Westfield White City this summer, followed by two further openings this financial year – there are also plans to ‘expand significantly’ over the next five years.
“We are very excited about the next phase of growth and, with HSBC’s support and financial backing, we will be able to develop and roll out new, innovative, experience-led concepts at a faster rate,” comments Ed Martin, co-founder and CEO of ETM.
“Our focused approach to acquisition has already set in motion a platform for scalable expansion as evidenced by Aviary (Finsbury Square) and Greenwood’s (Victoria) first year of successful trading and the encouraging early performance from our new City bar, Broadleaf.
“This funding package, sourced and arranged by ETM CFO, Landen Prescott Brann, will allow us to expand more rapidly and we look forward to working with HSBC.”
“We’ve been hugely impressed with the rapid growth and strategic acquisitions of ETM to date and can’t wait to see what’s next for this exciting brand,” adds Mark Frettingham, HSBC’s area director for London West End.
“The new £10m deal, led by relationship director Neil Treadaway, will enable ETM to open more locations in London, bringing its passion and expertise in hospitality to even more customers across the capital.”
ETM’s group of venues also includes The Botanist Broadgate, The Botanist Sloane Square, Aviary, Greenwood (pictured) and The Jugged Hare.