The funding, from OakNorth, will also help with the acquisition of new sites for the business, which operates four London venues in Victoria, Paddington, Oxford Street and Canary Wharf as well as Shelter Hall in Brighton.
Market Halls says it is keen to grow outside its London heartland, underpinned by its confidence in the long-term outlook for the UK’s eating and drinking out sector, which is forecast to grow at a compound annual growth rate (CAGR) of 3.1% by 2028.
Alongside venue acquisitions, it says it will continue to invest in experience‑led initiatives across its existing portfolio. Recent initiatives have include the launch of the ‘Hall Pass’ loyalty app, which has had more than 7,000 users since its launch in January 2026, and the introduction of the new ‘Games Hall’ competitive socialising concept at Market Halls Oxford Street.
“Since the start, our ambition has been to create food halls that not only trade well but also act as cultural anchors,” says Andy Lewis-Pratt, founder and executive director of Market Halls.
“OakNorth has demonstrated a strong understanding of founder-led hospitality businesses and has been a supportive and flexible funding partner as we plan the next phase of our growth. As we continue to grow, our focus remains on acquiring and nurturing venues with real character, then enhancing them through thoughtful evolution rather than wholesale reinvention.
“Shelter Hall is a powerful example of how we can apply our operational expertise in a way that protects authenticity, elevates the guest experience and delivers sustainable value for traders, partners and the wider community.”
Dan Hills, CEO of Market Halls, adds: “Market Halls is entering a transformational chapter as we expand our model beyond London. Our experience‑led approach enables us to build long‑term value while staying true to the individuality of each location we operate in.”
Market Halls was founded by Lewis-Pratt in 2017.