London-based restaurant, bar, and coffee roastery group, Caravan, has expanded after opening a new site in Canary Wharf with the support of a seven-figure funding package from HSBC UK.
HSBC UK customers since inception in 2010, Caravan used the funding to support the fit-out of its latest restaurant opening in Canary Wharf.
Caravan’s seventh London restaurant, the 3,700 sq. ft site in Reuters Plaza, offers customers a variety of all-day dining options. From breakfast to small plates, cocktails, and its renowned coffee offerings, the venue taps into the renewed passing business trade and an increasing number of weekend diners in the area.
The continued successful growth of the restaurant business allows Caravan the freedom to invest further into growing the coffee roastery’s retail coffee offer and subscription service, which has seen a significant spike in interest over the last two years, as a result of coffee drinkers looking to recreate the premium, out-of-home coffee experience in their own kitchens. Most recently, Caravan have launched brand new compostable coffee pods, which will allow even more people to get the Caravan experience at home.
Greg Hinchliffe, Commercial Director at Caravan Restaurants, said: “We are very grateful for the support given to us by HSBC UK throughout the pandemic and the launch of our latest opening. Canary Wharf has seen huge investment in its residential population and hospitality offering, and we’re excited to welcome diners to try our well travelled menu.
“We’ve been roasting our own coffee since we opened our first restaurant in 2010, and selling our beans directly to customers who wanted to brew at home. The success of our growing group of restaurants has enabled us to invest more into our D2C business and grow it into a retail brand, from enhancing our environmental credentials to investing in new machinery and infrastructure.”
Alec Robb, Corporate Relationship Director at HSBC UK, added: “We’ve supported Caravan Restaurants from site to site as it’s grown rapidly over the last decade. With a new consolidated funding scheme in place, we’re delighted that we could support the development of its newest site, allowing the business to take its next step towards fulfilling its ambitions for growth.”
Located in the heart of Canary Wharf, Caravan Restaurant sits alongside Konstantin Grcic’s iconic ‘Six Public Clocks’ artwork, and serves its signature food and drink menu and freshly roasted craft coffee.