A seven-figure funding package for The Cornish Bakery could create up to 180 jobs and eight new stores “by spring 2016”.
The funding package, from Clydesdale Bank, has introduced new branding to stores across the UK, including Gloucester, Newquay and Bath. The funding has already contributed to two new stores, at the NEC, Birmingham and Tintagel in Cornwall, with an additional eight stores planned by spring 2016. The new stores could see up to 180 jobs created.
Initial results have shown that the changes have been positive, with the company achieving an increase in turnover in excess of 10% for the last financial year.
Steve Grocutt, owner of The Cornish Bakery, said: “With the bank providing the essential funding to grow the business, we have taken The Cornish Bakery to new heights.”
Gold award winner
Formerly known as Pasty Presto, the bakery opened its original shop in Mevagissey, Cornwall in 1994. It now employs over 200 people.
The redesign of the outlets has seen The Cornish Bakery recognised as a Gold award winner at the 2016 DBA Design Effectiveness Awards.