Swindon & Wiltshire News
Hospitality group Butcombe has completed a significant refinancing deal supported by NatWest.
The new deal is set to support the group’s further investment in its 118-strong estate of managed and tenanted pubs, boutique inns, and brewing operations across Somerset, Bristol, and beyond.
Headquartered near Bristol, Butcombe Group employs 1,855 people and recently reported a turnover of £149 million.
The business is renowned for its award-winning beers, premium food-led pubs, and boutique accommodation, and continues to deliver robust results, with like-for-like sales growth of eight per cent in its managed pub division.
The brewer says refinancing will enable Butcombe Group to invest in modernising and expanding its estate, pursue strategic acquisitions, and facilitate a return of capital to shareholders.
Chief executive Jonathan Lawson said: “This refinancing marks an important milestone for Butcombe Group, reinforcing our ability to invest in our people, our pubs, and our communities across the South West.
“With the support of NatWest and our banking partners, we’re well placed to continue our journey as the leading premium pub and brewery operator in the region.
“We’re particularly proud of our work to tackle loneliness and offer meaningful careers through our apprenticeship programmes, and this deal gives us the platform to do even more.”
Stuart Allison, relationship director at NatWest, commented: “Butcombe Group’s commitment to quality, innovation, and community impact is exemplary within the South West’s hospitality sector.
“This new facility demonstrates NatWest’s ongoing support for ambitious local businesses that drive employment, champion sustainability, and deliver outstanding experiences for customers. We look forward to supporting Butcombe as they continue to invest in the region’s communities and hospitality offer.”
