Weekly News Update
We bring you the latest top news in the industry from this week
£4million new pub opened by the Inn Collection Group:
The Inn Collection Group has opened a £4m new build pub with rooms called The Amble Inn in Northumberland seaside town Amble.
The 150-cover restaurant and bar, which has additional external terraces, serves daytime and evening food and drinks in addition to letting rooms.
It was purpose-built by Northumberland County Council’s development company Advance Northumberland, who appointed The Inn Collection Group as operator.
The Amble Inn was awarded a £448,500 grant from the Rural Growth Network’s Strategic Economic Infrastructure Fund, part of the North East Local Enterprise Partnership £6m capital programme that aims to support rural businesses and stimulate business growth within the rural areas of Northumberland, Durham and Gateshead.
The development is part of a wider regeneration plan for Amble, with the new inn helping contribute to the town’s tourism offer by increasing accommodation availability to attract valuable additional visitors.
Joule’s coming home as development featuring first new-build pub gets go-ahead:
Shropshire brewer and retailer Joule’s, which is headed by Steve Nuttall, has been given the go-ahead to return to its spiritual home of Stone. The company has been granted permission by Staffordshire Borough Council for the brewery tap – its first new-build pub – and a studio theatre for the Stone Revellers at Crown Wharf. The site was part of the original Joule’s warehouse operation when the company exported Stone Ales from Liverpool – Joule’s was the first English beer exported to the US ahead of rival Bass.
The site is currently a car park and was acquired by Joule’s from the Canals And Rivers Trust. Joule’s has also subsequently agreed terms with Staffordshire County Council to acquire the Old Fire Station for use as a heritage centre, which will be provided for £1 a year to Stone Town Council. The proposed site is now 1.2 acres and will have additional pedestrian access to the main Crown Wharf site via the Old Fire Station.
Nutall told the council’s planning committee: “This project means much more to Joule’s than just a new pub; it is about our heritage. Our goal is to build something iconic and respectful, celebrating the brand and creating a new legacy for the future.” Joule’s operates 41 pubs and its brewery will remain in Market Drayton, Shropshire. Earlier this month, it revealed it was aiming to add up to two sites a year to its pub estate as it reported turnover grew to £7,275,369 for the year ending 31 March 2018.
Charles Wells reports growth in a year of investment:
Charles Wells has seen a 226.9% increase in profit before tax on its continuing business to £4.6m, following the sale of its brewery in Bedford to Marston’s in 2017.
Its recent financial report for the year ended September 2018 also states that the operator saw a 29.3% increase in underlying operating profit to £5m.
Turnover on continuing operations increased by 8.6% to £43m and investment in leased and tenanted pubs equated to £2.3m.
During the year, Charles Wells added three Pizza Pots & Pints pubs, opened the Bull Hotel in Olney and acquired two more pubs in France, bringing its managed portfolio in the UK and France to 23 pubs.
Post year-end, Charles Wells completed its joint venture with Little Gems Country Dining, acquired four managed pubs from the Orange Tree Group and purchased a further three pubs in France.
Progress continues towards creating a flagship new brewery, with planning permission received and work due to start in the spring of 2019.
Chestnut Group adds sites to East Anglian Inns:
The Chestnut Group has added The Weeping Willow and The Eight Bells to its family of country and coastal inns.
The Weeping Willow, located in Barrow (eight miles from Bury St Edmunds) is a 16th century pub, which was restored and expanded in 2017 to create a modern country pub and kitchen.
The Eight Bells (pictured) is located in the historic market town of Saffron Walden. The pub offers a locally-sourced menu and an extensive drinks offering in its oak-beamed bar and historic dining room.
“We have known The Weeping Willow through its restoration and highly successful launch, having worked with the previous owners,” says Philip Turner, who founded the group in 2012. “It is a modern country pub and kitchen that demonstrates how old and new can be brought together to provide a unique experience for today’s guests. Saffron Walden has always been a target market for us – The Eight Bells with its historic dining room, fantastic location and local reputation is a great platform for growth through investment.”
Chestnut’s family of inns includes The Packhorse Inn in Moulton near Newmarket; The Rupert Brooke in Grantchester on the outskirts of Cambridge; The Northgate in Bury St Edmunds; The Black Lion in Long Melford; The Westleton Crown in Westleton; The Ship at Dunwich; and The Blackbirds Inn in Woodditton.
These headlines have been sourced from Headlines/articles taken from Propel Info, Pub & Bar and Big Hospitality.