Case study
Sanco, a Newcastle-based Neapolitan pizza dining experience, has secured a five-figure investment from NPIF II – NEL Smaller Loans, which is managed by NEL Fund Managers as part of the Northern Powerhouse Investment Fund II (NPIF II).
| Sector | Hospitality, Accommodation and Food Service Activities |
|---|---|
| Programme | Northern Powerhouse Investment Fund II |
| Partner |
Founded by Newcastle local Paolo Franchi, Sanco will bring an innovative and authentic Italian dining concept to the city, serving hand-crafted pizzas baked in a traditional wood-fired oven. Its unique ‘pizza roulette’ invites guests to switch on a table light to receive surprise slices of freshly made pizza and switch it off when they’re done.
The concept offers a fresh take on casual dining, designed to reduce food waste and create a memorable and sociable experience around quality food.
The funding will support the launch of the restaurant, which is set to open in July. Rooted in authentic Italian techniques, bold flavours and sustainability, customers can expect traditional pizzas, with ingredients imported from Italy and served in a vibrant, welcoming setting.
Paolo Franchi, founder of Sanco, expressed
Being a local lad starting up a business in the city I love means everything to me. I’m so glad to have taken this step and explored what was possible with NEL and NPIF II funding. I’d encourage anyone in a similar position to look into the support that’s out there.
Sarah Newbould, senior investment manager at the British Business Bank, said:
NPIF II is committed to backing innovative ventures like Sanco. Paulo has created a sustainable, fresh and boundary-pushing dining experience that redefines the norm and minimises food waste. We're excited to see Sanco launch and can’t wait to see what they go on to achieve.
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