Allotment Bar opens with start-up loan
Two young entrepreneurs have opened their first bar and restaurant in Manchester's Northern Quarter with the assistance of a start-up loan from the Royal Bank of Scotland.
Gavin Williams and James Kennedy have launched Allotment Bar, which has created 11 jobs. The duo received £75,000 from RBS towards the venture.
The cash was used to purchase the lease, carry out refurbishment and purchase the necessary equipment required.
"It is very different running a bar to owning and having responsibility for a new business, nevertheless it was a chance James and I were ready to take," said Williams
"I have been to university, travelled and now felt it was the right time for James and I to implement our skillset into a business we were confident we could succeed in.
Stuart McNaboe, RBS relationship manager, added: "Dealing with start-ups is always exciting as the passion and enthusiasm from entrepreneurs looking to seek finance never fails to amaze me.
"Gavin and James have been a pleasure to deal with as they were a strong management team from the start and instilled confidence in me by investing 50 per cent of their own funds into the business.
"I wish them all the very best as they settle into their popular location and confident they will be a real success story as they did their homework thoroughly."