The Gower Deli secures £50k in debt financing from the Development Bank of Wales.
The funding was provided by the Development Bank of Wales to support the establishment of a new deli, café, and bakery in Southgate.
Christos Georgakis has established a delicatessen, café, and bakery in Southgate on the Gower Peninsula offering local produce alongside Greek street food and dining events.
Christos Georgakis has secured a £50k loan from the Development Bank of Wales to establish The Gower Deli in Southgate on the Gower Peninsula.
The capital has been allocated towards the fit-out of the premises and the acquisition of commercial kitchen equipment, enabling the chef to transition from private dining and pop-up suppers to a permanent retail and hospitality venue.
The funding originates from the £500m Wales Flexible Investment Fund, which supports Welsh enterprises with debt and equity financing.
From the founder
"I love food and I love this beautiful corner of Wales so the opportunity to open my own deli, café and bakery in Southgate is a dream come true. However, starting a hospitality business from scratch can be expensive so we needed funding to make it happen. The support from the Development Bank has made all the difference as I couldn’t have done it without them."
Christos Georgakis
Chef and Owner at The Gower Deli
Use of funds
- 01Build out infrastructure
- 02Scale operations
Investors
Categories
About the company
The Gower Deli
A former MasterChef semi-finalist operates a new delicatessen, café, and bakery in Southgate.