A HOLIDAY park operator in Wales has secured investment to add 50 new holiday homes to its parks in order to meet demand for UK staycations.
Celtic Holiday Parks has secured the six-figure finance package from HSBC to help expand the holiday rental fleet at its three sites – Croft Country Park, Noble Court Holiday Park and Meadow House Holiday Park, as well new dining and wellbeing facilities on two of the sites.
Huw Pendleton, managing director at Celtic Holiday Parks, told the Western Telegraph that the season has been a “very challenging time for holiday parks across the UK” which he said was made worse with “additional localised and Wales lockdowns”.
“When restrictions were eased, we did see a huge rise in demand for staycations,” he told the newspaper.
“In order to meet this demand, we knew we needed to invest in the expansion of our holiday parks now more than ever.”
The funding was secured as part of the government-backed Coronavirus Business Interruption Loan Scheme.
Warren Lewis, head of corporate banking, Wales, HSBC UK, added: “The three parks are looking better than ever, giving hundreds of people the chance to get away whilst some restrictions are still in place. We are delighted we were able to support Huw and his hard-working team through these challenging times and look forward to continue seeing the business flourish.”