Shawbrook Bank has provided a £5.4m facility to Blue Sky Resorts to fund the purchase of the Spring Willows Leisure Park in Scarborough from the latter’s former landlord.
The specialist bank tailored a comprehensive loan facility for Blue Sky Resorts, which now operates five parks across the North of England and Scotland.
It had previously leased and operated Spring Willows for 11 years and will now own the park outright and be able to invest in new facilities, including a leisure complex, and increase the number of holiday homes on the site.
Mark Alston, joint managing director at Blue Sky Resorts, said: “The funding support gives us not only the ownership of the sites, but also the ability to invest, creating even better experiences for our customers.”
Jonathan Rostron, regional managing director at Shawbrook Bank (pictured above), added: “The team at Blue Sky are specialists in what they do, and they know the areas in which they operate.
“Their attention to detail is extraordinary and commitment to delivering great experiences for their customers is superb.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Temenos partners with ClearBank for cloud payments
Banking software company Temenos has formed a strategic relationship with ClearBank to provide banks with a faster route to market for real-time cloud payments...
Unity Trust Bank registers 34% rise in profits
Unity Trust Bank increased profits by 34% in 2019...
Believe the hype – why explainable AI is a trend that’s here to stay
Technology has become a ubiquitous part of our day-to-day lives...
Piloting tech updates: ‘The bigger the bank, the harder it is to get anything done’
In the latest Medianett filmed roundtable session, we discussed how important technology is in the banking space, and what impact the industry expects it to have on its businesses in the future...
What banks need to know about cloud security
One of the most common perceived concerns when adopting the cloud is the issue of security...
OakNorth sees 95% increase in pre-tax profits
OakNorth Bank has announced a 95% rise in pre-tax profits in 2019 to £65.9m, up from the £33.9m recorded in 2018...
Redwood Bank signs up to Women in Finance Charter
Redwood Bank has announced that it has signed up to the Women in Finance (WIF) Charter...
Masthaven launches digital Women in Leadership programme
Masthaven Bank has launched a new Women in Leadership digital development programme for female senior leaders...
Protecting against supply chain disruption and the domino effect
Disappointingly, many UK SME business owners don’t understand their supply chains...
Confused about which Isa to choose? Hopefully this mini-guide will help…
We are now firmly in Isa season, so you’re likely to read multiple articles about the most competitive Isa products in the market and how best to make the most of your Isa allowance before the end of the tax year...
Garden shed entrepreneurs contribute £16.6bn to the UK economy
Entrepreneurs who run their businesses from garden sheds contribute £16.6bn annually to the UK economy, according to a recent study...