Metro Bank backs Chestnut Group expansion with £20m financing package

Metro Bank has provided Chestnut Group, the East of England-based hospitality company, with £20 million in new financing, further strengthening the long-term relationship between the two organisations and taking the bank’s total support for the group to £50 million.

The new funding package includes a £10 million revolving credit facility and a £10 million commercial loan, which will support Chestnut Group’s continued expansion plans. The financing has already enabled the acquisition of Titchwell Manor Hotel in Norfolk, with additional funding reserved for future potential acquisitions.

Founded in 2012, Chestnut Group now owns and operates 26 pubs and hotels across the East of England, known for their focus on local produce, community spirit, and authentic hospitality experiences.

Metro Bank, which offers tailored banking solutions to UK businesses, has built a strong presence in the hospitality and leisure sector, providing flexible financing and industry expertise to support growth, investment, and job creation.

“This lending means the business can continue to grow, in turn supporting the local economy and creating new jobs. Metro Bank has a specialist team who understand the unique challenges and opportunities for hospitality and leisure businesses, and we’re pleased to be backing this crucial sector of the UK.”

Philip Turner, Founder of Chestnut Group, added: “Metro Bank understood our needs from the start, and they’ve supported our aspirations over the years as we grow and develop our business. We are passionate about what we do, and it’s refreshing to feel the same enthusiasm from our bank.”