A Brean family holiday park has invested in 35 new holiday homes ahead of the summer months after securing a £695,000 hire purchase facility from Lloyds Bank Commercial Banking.
Families can rent or buy luxury holiday homes and lodges on the site at Holiday Resort Unity, which is part of Brean Leisure Park, as well as bring their own campervans and camping equipment with them.
Following an increase in demand for quality accommodation, the business has committed to reinvesting into its facilities and now has a 150-strong fleet of caravan holiday homes, 95% of which are under five-years-old.
The money from Lloyds Bank has funded 35 new holiday homes, which can be rented by holidaymakers across the UK.
Alan House, director at Holiday Resort Unity, said: “As demand for our holiday packages continues to grow, it’s vital that we are reinvesting into our facilities and accommodation. Competition in the industry is strong and customers demand all the luxuries available at home when in their holiday accommodation.”
“With the recent funding, we’ve been able to support our wider reinvestment plan and are proud to say that the majority of our holiday homes are now less than five years old and host the latest energy-saving technology. We’ve had a great relationship with the team at Lloyds Bank and look forward to working with them again as we continue to grow.”
Stuart Williams, relationship manager at Lloyds Bank Commercial Banking, said: “Many local tourism businesses saw a significant boost in revenue last year as many families opted for ‘staycations’ rather than trips abroad. As this trend looks set to continue, it’s important for businesses to have the right funding in place to allow them to thrive during their busy seasons.”
“We’re committed to helping Britain prosper by supporting small to medium-sized businesses that are delivering economic growth like Holiday Resort Unity and Brean Leisure Park, and to underline this, we’ve grown our net lending to SMEs by 30% since 2011, while the market contracted at 11%.”
Holiday Resort Unity has an annual turnover of £17million and employs 275 members of staff during peak season.
Pictured: Alan House of Holiday Resort Unity with Stuart Williams from Lloyds Bank Commercial Banking