High-end Asian restaurant finally set to open in Nottingham
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A high-end Asian restaurant is finally set to open its doors in Nottingham three years after plans were first announced, thanks to a £200,000 investment.
Tipu Sultan received the funding from First Enterprise – Enterprise Loans through the Community Investment Enterprise Facility (CIEF) and Midlands Engine Investment Fund (MEIF) backed by the Coronavirus Business Interruption Loan Scheme (CBILS).
The restaurant chain, which has a branch in Birmingham with 500 covers and another in Leicester with 450 covers is set to open its doors in the new Nottingham venue which has 360 covers inside and a further 150 for outdoor seating. The chain is known for its elegant and lavish décor as well as its Asian food offering.
The funding will be used for marketing, venue costs, cash flow, stock and the setting up of a wedding hall in the premises. Some 10 new jobs will be created.
Safdar Azam, one of the directors of Tipu Sultan Nottingham, said: “The pandemic caused a lot of uncertainty and concern in our industry and ultimately delayed the opening of the new venue. Thankfully, with some sense of normality now on the horizon we are extremely excited to be bringing a high-quality dining experience set in a glamourous surrounding to Nottingham. The business model has been very well received in other parts of the Midlands and we hope this will be mirrored here.
“The funding from First Enterprise – Enterprise Loans has been crucial in making this happen especially in its final stages before we open. Additionally, the expert support we received from their adviser Stefan has been invaluable and made the whole process easier and accessible.
Stefan Nycz, business adviser at First Enterprise – Enterprise Loans, said: “Following the challenges that lockdown has thrown at the hospitality sector, I am glad that we could help to get Tipu Sultan Nottingham open, trading and employing many local people in the process. There will be a huge demand for eating out following the easing of restrictions, and I am sure that the winning combination of the well-priced menu, great standard of food and totally extravagant decor and furnishings, will be a winner for the diners of Nottingham.”