Santander invests £1.8m in London restaurant chain Rosa’s Thai cafe
Santander has invested £1.8m into London restaurant chain Rosa's Thai cafe, to help it expand in the capital.
The investment, including an £800,000 Growth Capital loan, will fund the opening of three new restaurants in 2016, first in Victoria, and then Brixton and Shoreditch.
The company hopes the new restaurants will create 100 jobs over the next two years.
Lee Alderson, director of growth capital at Santander Corporate & Commercial, said:
The aspiration of the management team is to accelerate the rollout of this authentic Thai food concept. The committed funding provided by Santander under its Breakthrough programme facilitates this. We look forward to working with the management team in this next exciting phase.
Santander's growth loans are available to businesses with turnovers of up to £50m a year.
Rosa's Thai currently has six restaurants, in Chelsea, Carnaby Street, Soho, Westfield in Stratford, Angel, and the original restaurant in Spitalfields, which opened in 2008. The brand was first established in 2006 from a market stall on Brick Lane.
Alex Moore, owner and managing director of Rosa’s Thai Cafe, said: “The success of Rosa’s remains Saiphin’s traditional cooking: we still offer many of her original dishes."