LEEDS Brewery has secured £395,000 in funding to ferment growth plans and launch its first pub outside its home city.
The £6.5m turnover company has agreed the finance deal with Santander to expand production capacity and open the Duke of York in central York.
Sam Moss and Michael Brothwell, both York University history graduates, founded the brewery in 2007.
It now supplies 70,000 pints a week to hundreds of pubs across the country. Mr Moss said: “We are passionate about brewing high quality beers and running high quality pubs and we are pleased to have secured the funding that we need to continue to grow our business.
“We are delighted to have secured such a high profile site in York and we look forward to creating a brilliant pub.”
The pub, a former estate agent, opened at the end of last week and had a very busy weekend, he added.
Parts of the building date back to the 14th century.
It is in a prime location at the side of King’s Square in the medieval city. Mr Moss said: “You couldn’t get a better site in York.”
The pub sells locally sourced food and will cater to a wide demographic, like the group’s pubs in Leeds, he added.
The Leeds Brewery operates six pubs in Leeds, including The Midnight Bell, which opened in 2008, the Grade II-listed The Garden Gate in Hunslet, Pin, The White Swan, The Brewery Tap and Crowd of Favours.
The brewery opened the Crowd of Favours three months ago in a converted fish and chip shop.
Mr Moss said: “It’s going really well.
“We would like to open a couple of pubs a year, but it’s all about finding the right site.
“It’s not about numbers, it’s about quality.”