Alchemilla recives loan from Barclays to recover from Covid-19 effects

24th August 2020 (Last Updated August 24th, 2020 11:56)

Alchemilla, a Michelin-starred restaurant in the UK, has secured funding from Barclays to meet its working capital requirements and revive the business from the effects of the Covid-19 pandemic.

Alchemilla recives loan from Barclays to recover from Covid-19 effects
Alchemilla is a Michelin-starred restaurant in Nottingham, UK. Credit: Zakaria Zayane / Unsplash.

Alchemilla, a Michelin-starred restaurant in the UK, has secured funding from Barclays to meet its working capital requirements and revive the business from the effects of the Covid-19 pandemic.

The funding to the restaurant was offered by Barclays through the Coronavirus Business Interruption Loan Scheme (CBILs).

Alchemilla director and head chef Alex Bond said: “Like a lot of businesses in our industry, the last few months have been very challenging. We have looked at ways of innovating to maintain income streams.

“We have also tried to do our bit for the local community and I am proud to be able to say that we cooked 800 meals a week for four weeks for both QMC and City Hospital.”

Alchemilla also partnered with distribution charity Fair Share to offer 650 meals a week for hospices, shelters and people who were isolating.

Although the restaurant was shut due to the Covid-19 lockdown, it offered meals to its regular customers by introducing a collection service.

Barclays is one of the active participants in government-backed initiatives such as the CBILS and Bounce Back Loan Scheme (BBLS).

Barclays Nottingham business manager Justin Parker said: “Many businesses have found the past few months very challenging and the hospitality and leisure industry is no exception.

“I am pleased we have been able to support Alchemilla restaurant with this funding and would like to congratulate them on the part they have played in supporting the local community.”