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Funding to support expansion plans and property investment
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Deal includes refinancing, management buyout, and capital for acquisitions
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Significant move as Cynergy Bank strengthens its presence in Scotland
Buzzworks Holdings, a leading hospitality group based in Ayrshire, has secured a major funding package from Cynergy Bank to fuel its ambitious growth strategy. The deal marks a pivotal step in Buzzworks’ journey towards becoming a £100 million+ family-run enterprise as it expands its footprint across Scotland.
The funding agreement includes the refinancing of current facilities, the completion of a management buyout, and the provision of capital to support future site acquisitions. This financial backing will empower Buzzworks to invest in new bars and restaurants, as well as integrated hospitality and accommodation venues.
Operating 22 venues and employing over 850 people, Buzzworks has built a strong reputation for delivering quality service, fostering community connections, and driving innovation in the hospitality sector. As it scales, the company remains committed to maintaining the exceptional customer experience that has brought national acclaim. The deal also signals Cynergy Bank’s growing commitment to Scotland, as it positions itself as a key banking partner for ambitious, fast-growing businesses in the region.
Kenny Stewart, Executive Director Scotland at Cynergy Bank, commented: “We’re delighted to support Kenny Blair and the team at Buzzworks as they start an exciting new chapter. Buzzworks represents exactly the kind of entrepreneurial, high-growth business we are proud to partner with. Our bespoke funding solution provides the flexibility and support needed to help them achieve their ambitious goals.”
Kenny Blair, Co-Founder and Managing Director of Buzzworks, added: “Our ambition is clear: to become a £100m+ Scottish hospitality business that brings people together and lifts the communities we’re part of. We’ll be creating new roles, welcoming new talent, and ensuring that the support and infrastructure are in place to help Buzzworks reach its full potential.
“This deal gives us the momentum to move further, faster – investing in people, places and new formats including venues with rooms in more towns and suburbs across the country. We aim to more than double the size of the business and create hundreds of new sustainable jobs along the way. The next stage of the Buzzworks journey is about to begin.”
Funding was raised through Alchemy Partners and the transaction was supported by West Coast Capital who will remain a key investor.
Sir Tom Hunter, founder of West Coast Capital said: “Cynergy delivered, effectively and efficiently to match the growth ambitions of Buzzworks. Combined with Alchemy I think we have the means to build a truly scaled hospitality business and we are very happy to continue to invest alongside the Blair Family in Buzzworks.”