16 | squaremeal.co.uk
Russell Norman's latest branch of
Polpo in Notting Hill served more
than 2,300 diners in its first week
everybody's talking about…
Remind me what
crowdfunding is? It's a new
way to raise capital for a
business, by getting a group
of backers to invest, usually
through websites such as
Kickstarter or Crowdcube.
What's it got to do with
restaurants? There have
been several restaurants that
have come about due to
crowdfunding recently, and it's
becoming a very popular way
to raise cash for a launch.
Why do people invest? As well
as owning a small part of the
business, there are incentives
such as free meals in the
restaurants, or commemorative
T-shirts. It's a chance to be part
of something from the start.
Which restaurants have been
crowdfunded? The Clove Club,
which opened last year, was
one of the rst high-pro le
restaurants to be funded this
way, and since then Rotorino
has used crowdfunding to raise
cash, too. Popular street food
vendor Burger Bear (pictured)
has recently reached a target
of over £36,000 and is planning
to open in east London later
this year. Hugh FearnleyWhittingstall's
is raising money through a
crowdfunded bond to help
grow its canteens across the
south of England.
It's a good thing, then?
Yes. It plays an especially
big part in enabling quirky
neighbourhood concepts to
come into fruition. Take the
burger bar on a Limehouse
barge that will launch in the
autumn for further example.
East London wine
Not long ago, wine bars were the domain of central or west London,
but it's the eastern parts of our city that have been leading the way
of late. Sager Wilde made waves when it opened in Hackney last
autumn and the team are planning a second branch in Bethnal Green.
Its focus on lesser-known wines is echoed in the eclectic selection
at Stoke Newington's Primeur. In Clapton, Verden o¬ ers cheese and
meat alongside 30 wines by the glass and over 100 by the bottle, while
Printers Stationers on Columbia Road specialises in French bottles.
Wine-led gentri cation? We'll raise a glass to that.
ON THE MARKETFollowing the success of Street Feast's #DalstonYard
events, the team have launched a new night market.
#ModelMarket is set in an abandoned 1950s market just
off Lewisham High Street and will run on Friday and
Saturday evenings until the end of September. The food
on offer includes Mexican tacos from Breddos (pictured),
steamed pork buns from Yum Bun, and pulled pork rolls
from SmokeStak. There are also five bars, one each
specialising in cocktails, rum, shandy, slushies and wine.
Michael and Charlotte Sager-Wilde