Bath-based Cornish pasty retailer Pasty Presto is to expand its chain of outlets after securing bank finance of around £450,000.
The rapidly-expanding firm already operates 28 shops across the country having recently opened in two new locations, including its first in the Lake District. It concentrates on high-end tourist destinations and includes outlets in towns such as Padstow, Dartmouth, Fowey, St Ives as well as on Jersey and Guernsey.
The firm has also won the award for the world’s best Cornish pasty in the World Pasty Championships at the Eden Project in March.
Pasty Presto founder Steve Grocutt said: “Pasty Presto is a well-known name in the West Country and we’re delighted to be in a position to move forward with the expansion plans.
“After what has been a tough market over the last couple of years, trading conditions have picked up again recently, and with summer approaching, the new openings and winning the award, it’s been a great period and we are well-placed to kick on and continue our expansion plans.”
The funding has come from Clydesdale Bank’s business and private banking centre in Gloucester. Its relationship manager John Cary added: “Pasty Presto has established a strong reputation across the South West and a number of successful shops in the South West, Midlands and at motorway service stations.
“The opening of a new store in Fowey and its move into the Lake District is exciting news for the business and Clydesdale Bank is proud to have provided funding to support this venture.”
Pasty Presto opened its first shop in Mevagissey in 1994 and now employs about 300 members of staff.
