The hospitality group is aiming to become a £100m-plus family-run business while expanding across Scotland.

The funding provided by Cynergy Bank supports the refinancing of existing facilities, a management buyout and provides capital for future acquisitions.

The investment will enable Buzzworks to add new bar and restaurant sites, as well as venues that combine hospitality and accommodation.

Kenny Stewart, executive director in Scotland at Cynergy Bank, commented: “We’re delighted to support Kenny Blair [co-founder and managing director at Buzzworks] and the team at Buzzworks as they start an exciting new chapter.

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“Buzzworks represents exactly the kind of entrepreneurial, high-growth business we are proud to partner with.”

Kenny Blair, added: “We’ll be creating new roles, welcoming new talent, and ensuring that the support and infrastructure are in place to help Buzzworks reach its full potential.

“This deal gives us the momentum to move further, faster — investing in people, places and new formats including venues with rooms in more towns and suburbs across the country.

“We aim to more than double the size of the business and create hundreds of new sustainable jobs along the way.”

Funding was raised through Alchemy Partners and the transaction was supported by West Coast Capital which will remain a key investor.

Sir Tom Hunter, founder of West Coast Capital, said: “Cynergy delivered, effectively and efficiently to match the growth ambitions of Buzzworks.

“Combined with Alchemy, I think we have the means to build a truly scaled hospitality business and we are very happy to continue to invest alongside the Blair Family in Buzzworks.”