A prominent independent brewery in Newcastle has been acquired out of administration, saving up to 10 jobs.
Tyne Bank Brewery collapsed earlier this year, having reportedly run in to difficulties brought on by the pandemic. Now Olly Bennett and Matt Daniels - directors of the Inn Hospitality Group - have acquired the business via a separate company called Project Barrel Ltd. The move will bring an end of the taproom opening at the brewery's Walker Road site.
Speaking to BusinessLive, Mr Bennett - who had previously been a customer of Tyne Bank with his events and festival business - said he had been approached by administrators to take over the company, which is based in a 13,000 sqft former pottery warehouse in Byker. The hospitality businessman said the scale of the venue meant dedicated events were needed to make it worthwhile opening.
