£1.6m funding granted to Cornwall’s longest serving pasty bakery
Down here in Cornwall, you’ll never have to wait too long before the next pasty news story. The famous savoury snack, super popular with guests at our self catering accommodation, has hit the headlines again this week after Cornwall’s oldest bakery received a handsome funding package.
Warrens, the largest AND oldest bakery in Cornwall, has secured a £1.6m investment from Santander’s Breakthrough Programme, to expand its business in the West Country and further afield.
This means you guys won’t have to rely on your self catering holidays to get your hands on your favourite pasty!
The St Just-based business has been serving the public for more than 150 years and now has two production sites as well as 50 stores spread across Devon, Cornwall and Somerset.
Chairman of Warrens Bakery, Mark Sullivan, said: “We’ve always had big ambitions for Warrens since acquiring the business in 2013 and recognising the enormous potential of the brand.”
“The investment and strong personal support and involvement from Santander will help us to complete the next phase of growth, as we develop the brand and product range through our own stores, as well as with wholesale and retail customers.”
The funding is based over five years and the programme offers additional benefits such as access to trade missions, business master classes, invitation to networking events and marketing support.
Head of Growth Capital at Santander UK, Darren Hart, added: “The business has experienced significant growth in recent years and we are confident that Warrens will be able to use the additional funding to expand its retail operations in Cornwall and beyond.”