New Food Court for Cardiff Bay Hotspot Sees Development Bank Support

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Development Bank of Wales , 30th August 2023

The Development Bank of Wales has backed investment by leading Welsh events brand Depot into a major Cardiff Bay site, converting the former Doctor Who Museum off Roath Lock into a new food court and leisure space.

The Development Bank invested a six-figure investment from the Wales Flexible Investment Fund into the renovation and refit of the site, with Depot also making a major investment into the site’s redevelopment.

The new Tiger Yard contains 25 purpose-built containers hosting bars and kitchens, along with space for a total of 1,000 visitors – including three covered dining areas.

The new site will compliment Depot’s existing premises on Curran Embankment, a warehouse-based flexible events space which hosts pop-up food and drink venues.

(Front) Peter Cro and Nicholas Saunders, Depot; (back) Daniel Kinsey and Kelly Jones, Development Bank of Wales

As well as hosting events at their fixed sites, Depot also run popular Bingo Lingo and other corporate events for major partners throughout Wales.

Nicholas Saunders, Director at Depot said:

“We’re delighted to have worked with the Development Bank of Wales in opening and launching the new site. We’ve had some real successes with our site on Curran Embankment and been able to host events for some really exciting clients, and we look forward to being able to do something a little different at Tiger Yard.

“Getting this investment from the Development Bank meant we could start work on refurbishing quickly, which in turn meant we could get everything set-up for space-holders as soon as possible.”

Kelly Jones, Portfolio Executive with the Development Bank of Wales, said:

“We’re so glad to have supported Depot with this. They’re a really strong player in the events scene in Cardiff and they have a fantastic profile as a business. We’re proud to have backed them on their growth journey and look forward to seeing what they do next.”

The Wales Flexible Investment Fund offers investment for deals between £25,000 and £10 million, with loans, mezzanine finance and equity investment available.

For more information visit www.developmentbank.wales.

Mae Banc Datblygu Cymru wedi cefnogi buddsoddiad gan y brand digwyddiadau Cymreig blaenllaw Depot trwy ei arwain i safle o bwys ym Mae Caerdydd, gan drawsnewid hen Amgueddfa Doctor Who ger Porth y Rhath yn gwrt bwyd ac yn lleoliad hamdden newydd.

Buddsoddodd y Banc Datblygu fuddsoddiad chwe ffigur o Gronfa Buddsoddi Hyblyg Cymru i adnewyddu ac ail wampio’r safle, gyda Depot hefyd yn gwneud buddsoddiad mawr yn y gwaith o ail ddatblygu’r safle.

Mae’r Tiger Yard newydd yn cynnwys 25 o gynwysyddion pwrpasol sy’n cynnal bariau a cheginau, ynghyd â lle i gyfanswm o 1,000 o ymwelwyr – gan gynnwys tair ardal fwyta dan do.

Bydd y safle newydd yn cyd-fynd ag adeilad presennol Depot ar Curran Embankment, gofod digwyddiadau hyblyg mewn warws sy'n cynnal lleoliadau bwyd a diod dros dro.

Yn ogystal â chynnal digwyddiadau ar eu safleoedd sefydlog, mae Depot hefyd yn cynnal Bingo Lingo poblogaidd a digwyddiadau corfforaethol eraill ar gyfer partneriaid mawr ledled Cymru.

Dywedodd Nicholas Saunders, Cyfarwyddwr Depot:

“Rydym wrth ein bodd ein bod wedi gweithio gyda Banc Datblygu Cymru i agor a lansio'r safle newydd. Rydym wedi cael rhai llwyddiannau gwirioneddol gyda'n safle ar Curran Embankment ac wedi gallu cynnal digwyddiadau ar gyfer rhai cleientiaid hynod gyffrous, ac edrychwn ymlaen at allu gwneud rhywbeth ychydig yn wahanol yn Tiger Yard.

“Roedd cael y buddsoddiad hwn gan y Banc Datblygu yn golygu y gallem ddechrau gwaith adnewyddu yn gyflym, a oedd yn ei dro yn golygu y gallem sefydlu popeth ar gyfer deiliaid gofodau cyn gynted â phosibl.”

Dywedodd Kelly Jones, Swyddog Portffolio gyda Banc Datblygu Cymru:

“Rydym mor falch o fod wedi cefnogi Depot gyda hyn. Maen nhw'n chwaraewr cryf iawn yn y byd digwyddiadau yng Nghaerdydd ac mae ganddyn nhw broffil gwych fel busnes. Rydym yn falch o fod wedi eu cefnogi ar eu taith dwf ac edrychwn ymlaen at weld beth fydda’ nhw’n mynd ati i’w wneud nesaf.”

Mae Cronfa Buddsoddi Hyblyg Cymru yn cynnig buddsoddiad ar gyfer bargeinion rhwng £25,000 a £10 miliwn, gyda benthyciadau, cyllid mesanîn a buddsoddiad ecwiti ar gael.

I gael rhagor o wybodaeth ewch i weld safle www.bancdatblygu.cymru.