The Manchester brewery spent £5m on refurbishments last year and the new financing package will be used to acquire and open more community and food-led pubs in its pub-restaurant division.
Since January 2017, five new pubs have been acquired already.
Joseph Holt finance director Phil Rowan highlighted the need to adapt to a changing industry in order to meet the needs of the company’s diverse customer base.
Industry leader vow
He said: “Our expansion plans will help us deliver our commitment to being an industry leader, which is innovative, and focus on creating strong community pubs with a high-quality food offering.
“We have been working with the Royal Bank of Scotland for a very long time and value the support they have given us over the years.
“They have looked at our requirements over the short and medium term and structured our funding in a simple way, enabling us to plan for the future.”
Enables new acquisitions
Royal Bank of Scotland and Natwest relationship director Chris Yau outlined how the new funding package will benefit Joseph Holt.
He said: “It enables Joseph Holt to acquire new pubs and support their growth plans, and to focus on developing and expanding their community pub and restaurant divisions.
“Our relationship with Joseph Holt is as strong as it was when it first started more than 100 years ago.
“We have supported the brewery through a range of business developments to enhance the brand and we wish the brewery every success for the future.”