Leeds-based bar and restaurant group, Arc Inspirations is set to expand after securing £1.5m in funding from Santander Corporate & Commercial.
The firm, which owns and operates 13 sites throughout Yorkshire and the north-west, is set to open Banyan Bar and Kitchen in Leeds city centre next month, which will create around 40 new jobs.
Arc Inspirations intends to continue to expand at a rate of two sites a year, with the aim of reaching 20 sites over the next three to five years.
The group's turnover is forecast to increase by 27% to £24m this financial year following the success of Banyan Bar and Kitchen-branded sites in Harrogate, York, and Manchester.