Food concept gets £20m growth fund

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THE group behind Milton Keynes restaurant Brasserie Blanc has raised £20million to expand the concept to 40 outlets by 2016.

Investor Core Capital has backed Brasserie Bar Co, which includes the site at Chelsea House in Avebury Boulevard.

The investment will allow the development of new sites for Brasserie Blanc and White Brasserie Company pub format.

Chief executive Mark Derry believes there are good growth opportunities for the brand.