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A Good Catch: Local Restaurant Secures Funding from Warwickshire County Council's LCE Fund

Strategic Insights

— 1 min read

A Leamington Spa-based Hawaiian poke bowls restaurant, A Good Catch, is celebrating its third anniversary and expansion after receiving vital funding from the Local Communities & Enterprise Fund (LCE), delivered by the Coventry and Warwickshire Reinvestment Trust (CWRT). The restaurant's owner, Mandi Attarani, credits the loan from the LCE Fund with helping her repay debts, manage cash flow, and invest in the business's growth.

Key Takeaways:

  • A Good Catch, a Leamington Spa-based Hawaiian poke bowls restaurant, secured funding from the Local Communities & Enterprise Fund (LCE) to support its growth and expansion.
  • Mandi Attarani, the restaurant's owner, received a loan from the LCE Fund, which helped her repay debts, manage cash flow, and invest in the business.
  • The LCE Fund, delivered by the Coventry and Warwickshire Reinvestment Trust (CWRT), is part of Warwickshire County Council's £64 million Warwickshire Investment Fund (WIF).
  • In its first three years, the LCE Fund has lent over £5.88 million to 96 businesses, safeguarding 441 jobs, creating 30 jobs, and is forecasted to create a further 429 jobs.
  • The economic impact of jobs safeguarded and to be created is £22.5 million, a nearly 4-time return on investment.
  • The LCE Fund provides loans to businesses that struggle to access lending from traditional lenders, supporting locally based and growth-oriented businesses in Warwickshire.
  • The fund is designed to support a range of SMEs, including micro businesses, smaller and medium businesses, start-ups, and social enterprises, with loans between £10,000 and £150,000.

Statistics:

  • £5.88 million lent to 96 businesses in its first three years
  • 441 jobs safeguarded
  • 30 jobs created
  • Forecasted to create a further 429 jobs
  • £22.5 million economic impact of jobs safeguarded and to be created
  • 4-time return on investment
  • 96 businesses supported in its first three years

Sources:

  • Warwickshire County Council
  • Coventry and Warwickshire Reinvestment Trust (CWRT)
  • Local Communities & Enterprise Fund (LCE)
  • Warwickshire Investment Fund (WIF)

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