Edgbaston pub owner secures £9.5m funding

Edgbaston pub owner secures £9.5m funding

The owner of Edgbaston pub, The High Field, has secured £9.5m funding towards opening a boutique hotel next door.

Peach Pubs, co-founded in 2005, has received the funding from NatWest to support new acquisitions, such as the Edgbaston venue, purchased by Peach Pubs in 2014, which turns over £40k a week.

Peach Pubs also owns the Rose & Crown in Warwick and the Star & Garter in Leamington as part of their 17-strong portfolio.

Joe Garthwaite, Peach Finance Director, said: “We are very selective about the pubs we add to the Peach family as it grows and the revolving credit facility from NatWest means we can move quickly when our dream pubs become available.”

Nick Randle, relationship director for corporate & commercial at NatWest added: “We are delighted to be able to support this successful local pub company with their ambitions and look forward to being part of their exciting growth.”

The new hotel, The High Field Town House, is set to open in early June.