Member Article

Washington pub secures finance to develop microbrewery

Washington’s Three Horse Shoes pub is set to develop its own microbrewery, following a loan to assist with its restoration.

Securing a £40k loan through the Finance for Business North East Microloan Fund, managed by Rivers Capital Partners, the finance will be used to refurbish and restore furnishings, as well as the microbrewery’s development.

The Three Horse Shoes building is over a century old and has been completely refurbished from what it once was, to a smart and traditional English pub with a restaurant known as the backroom.

Local businesswoman Sharon Deehan purchased the premises in December 2014 with the intention of establishing the business as a premier Tyne and Wear Gastro Pub.

Nikita Bazko, Fund Manager at Rivers Capital Partners said “It is a charismatic building with a vibrant atmosphere. It is great to see the Microloan Fund is able to help maintain such a historic, local structure. I hope Sharon will achieve her previous success with this new venture.”

The North East Microloan Fund managed by Rivers Capital Partners offers loans of £1,000 - £50,000 to businesses that often struggle to gain financial support from mainstream lenders.