A luxury holiday park group in Pembrokeshire has secured a six-figure finance package from HSBC UK to add more than 50 new holiday homes to its collection as demand for staycations continues to rise due to COVID-19.
Celtic Holiday Parks has used the funding to add 54 new holiday home pitches, and is expanding the holiday rental fleet across its three sites: Croft Country Park, Noble Court Holiday Park and Meadow House Holiday Park, as well new dining and wellbeing facilities across two sites. Each holiday park is equipped with different features and facilities, creating a unique experience for loyal customers.
The HSBC UK funding was secured as part of the government-backed Coronavirus Business Interruption Loan Scheme (CBILS).
Huw Pendleton, Managing Director at Celtic Holiday Parks, said: “This season has been a very challenging time for holiday parks across the UK, made even more challenging with additional localised and Wales lockdowns, when restrictions were eased, we did see a huge rise in demand for staycations. In order to meet this demand, we knew we needed to invest in the expansion of our holiday parks now more than ever. HSBC UK, in particular our relationship director Alex Loxton, has done a fantastic job in supporting us during this period and enabling us to re-open our doors to our wonderful guests who couldn’t wait to come back to their ‘happy place’. We also wanted to thank our new Finance Director Chris Thomas of SME Finance Partners, who was instrumental in supporting us to produce forecasts and information needed to secure the HSBC UK funding.”
Warren Lewis, Head of Corporate Banking, Wales, HSBC UK, added: “Celtic Holiday Parks is one of the most well-known holiday park groups in Wales, with luxury facilities available in Pembrokeshire for everyone. After many critical months closed to the public, and subsequent localised lockdowns followed by the Wales ‘Firebreak’ closure we look forward to seeing the parks open again very soon, 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.”