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An Investment with Flavour 26 November 2003, Cambridge UK. GEIF Ventures, a £2.5 million fund set up within NW Brown Group in April 2003 to co-invest alongside business angels has announced that it is to invest £100,000 into Spice Inns, alongside Great Eastern Investment Forum (GEIF) business angels. Spice Inns offer a contemporary and healthy dining experience with a local/ 'non-chain' feel. Providing a menu of flavour and flair, Spice Inns is dedicated to offering mouth-watering dishes made from high quality 'farm fresh' food from local growers. Spice Inns' patrons can expect dining in a relaxed non-smoking environment, and served by friendly and efficient staff. Their concept is simple - provide premium service, food and drinks 'in the comfort' of your neighbourhood. "The funding from GEIF Ventures and GEIF angels comes at a very exciting time for Spice Inns," stated Barry Hilton, Managing Director and Co-Founder of Spice Inns. "We are delighted that the investors share our confidence in the 'Spice Inns' and 'Relish Deli/ Farm Shop' concepts. This investment will help us to build on the success of our first Spice Inns restaurant - The Hillside Restaurant near Hertford, and bring our unique dining experience to more locations." Max Bautin, who manages GEIF Ventures, added: "I am pleased to see that angels have invested in Spice Inns, as it reminds us that entrepreneurialism extends beyond the technology markets. With the excellent management team, innovative concept and now substantial funding, Spice Inns has all the ingredients to extend its success across the Home Counties." Cambridge office of Mills & Reeve acted as the legal advisers for the transaction. For more information on GEIF Ventures, please contact Max Bautin at GEIF Ventures on 01223 357131
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