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Almost 3,000 more restaurants have opened in England since 2009

PUBLISHED: 08:37 14 May 2018 | UPDATED: 08:37 14 May 2018

Prezzo, which also owns Tex-Mex chain Chimichanga, is reportedly considering a restructuring plan which could see it close as many as 100 sites. Picture: Bethany Whymark

Prezzo, which also owns Tex-Mex chain Chimichanga, is reportedly considering a restructuring plan which could see it close as many as 100 sites. Picture: Bethany Whymark

Archant

The number of restaurants in England has risen by nearly 3,000 since the end of the recession despite recent high-profile closures, according to a new report.

A study by lending platform Lendy found there were 25,070 restaurants, up from 22,230 in 2009.

The increase follows rapid expansion by high street brands and an “explosion” of new entrants, said the report.

Liam Brooke, co-founder of Lendy, said: “In the last few years, appetite for new restaurant openings has seemed insatiable.

“Now we are seeing a period of adjustment where many well-known brands are restructuring their businesses and re-evaluating their strategies and many independents are struggling to compete.”

Recent months have proven tough for businesses in the so-called casual dining sector, which has driven growth in the industry over the past decade.

Burger chain Byron, Jamie’s Italian and Prezzo are among the high street names to have announced outlet closures amid financial difficulties.

READ MORE: Why are restaurants struggling in Norfolk?

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