A brewery has plans to add 50 more pubs to its portfolio within five years, it has been reported.
Camerons, based in Stockton Road, Hartlepool, wants to add 30 managed and 20 tenanted pubs to its number and hopes to do that by 2020.
The news is the latest indication of more encouraging signs for the town brewer, which also indicated proposals to develop its Head of Steam model of pubs, including beyond its North East heartland.
Director Chris Soley unveiled the proposals and said the eventual aim was to return to the traditional regional brewer model of owning 500 pubs.
Speaking to the publication M&C Allegra Food Service, he said Camerons was “in a very good situation” because it was putting the foundations in place for a strong move forward.
Mr Soley said Camerons was hoping to have a £5m refinancing package in place by the end of December to fund the growth plans.
He said that would help towards a five-year plan to take on six leasehold pubs a year.
This is just the latest step in brighter times for Camerons.
Just over a year ago, it revealed plans for a beer bottling line capable of packaging up to 10,000 bottles per hour, using a £150,000 boost from the Tees Valley Business Compass scheme, led by Tees Valley Unlimited (TVU).
At that time, Mr Soley said the brewer’s proposals would “allow the business to adapt to changing consumer trends and help cement the site’s future long-term prosperity”.
In January this year, the brewery celebrated its 150th anniversary by unveiling a new selection of beers.