Rapidly growing restaurant chain Prezzo is creating new North East jobs by opening a new eaterie in Newcastle.
The firm is investing £500,000 on the transformation the former Strada restaurant site in the city’s Old Eldon Square into a Prezzo Italian restaurant, which will bring 15 new jobs.
Prezzo Newcastle will be the firm’s second in the North East, joining its popular venue in Cramlington’s Manor Walks Shopping Centre which opened last year.
The firm said the venue is due to open in two months’ time and hope their investment will encourage other growing food chains to follow them into the area.
It follows a host of new restaurants opening in the city centre over the last year, including Miller & Carter steakhouse, Jamie’s Italian and Harry’s Bar & Grill.
Prezzo spokesman Eddie Gershon said: “The new restaurant is set to open late November. We are investing £500,000 developing it and creating 15 new jobs.
“Newcastle is a vibrant city and we believe that Prezzo will be a great addition to its dining scene.
“We are confident that the restaurant will prove popular and hopefully it will also act as a catalyst for other businesses to invest in the area.”
The first Prezzo restaurant opened in Central London in 2000 and each one is individually designed and have been built on the sites of a number of listed buildings or in places of particular local interest.
Since it was established the firm has grown steadily and in the six months to June 2014 revenue growth helped adjusted pre-tax profit grow 16% to £9.8m.
Over the last six months seven Prezzo restaurants have opened in the UK and the group opened its 200th site this year, in York.
As well as opening the Newcastle site, management plans to open a further 25 new restaurants during 2014.
The company has won a number of awards and its chief executive Jonathan Kaye was named Restaurateur of the Year in the Caterer and Hotelkeeper Catey Awards 2011.