Cornish Bakery has secured an eight-figure funding package from its new banking partner, HSBC UK, to support its next phase of growth and investment.
The funding will support expansion and investment in its people, bakeries and customer experience. The business is also spending more than £1.6m on refurbishments this winter, with its new Guildford bakery due to open on 25th November.
The backing follows five years of growth during which Cornish Bakery has doubled its number of bakeries, quadrupled profit and created jobs for 1,000 people. Cornish Bakery reports strong like-for-like sales growth over summer 2026, alongside six new bakery openings.
This year also saw the launch of RISE by Cornish Bakery, its larger-format concept. The first opened in Betws-y-Coed, followed by a two-storey, 3,500 sq. ft. bakery at Gunwharf Quays in Portsmouth, its largest location to date.
As Cornish Bakery continues to expand, protecting the individuality of its people and bakeries remains fundamental to its approach. Rather than pursuing the traditional cookie-cutter model of national expansion, the business is embracing what founder Grocutt describes as an ‘anti-brand strategy’, with each new bakery individually designed and curated to reflect the community it serves.
Mat Finch, Managing Director of Cornish Bakery, said, “Our next phase is about investing intelligently, finding brilliant locations and building bakeries that belong in their communities. We’re delighted to have HSBC UK’s support which will really help us to maximise our potential.”
Liam Gover, Relationship Director at HSBC UK, said, “Cornish Bakery has a clear sense of what makes its business distinctive and how it wants to grow. We’re pleased to support investment in its bakeries and new locations while helping it retain the individual character of each site.”
Cornish Bakery has 81 bakeries and a team of more than 1,000. For more information on the company and its bakeries, visit www.thecornishbakery.com.
