Six-figure funding for Teesdale holiday park increases accommodation by 50%
A Teesdale family-run holiday park is adding 20 new lodges to the site following a six-figure refinancing deal with HSBC UK.
The new lodges are set to increase accommodation at the park by over 55 per cent.
Hillcrest Park, situated on the border of North Yorkshire and County Durham, will use the bank’s support to fund the groundwork and infrastructure required to house the new holiday lodges that it plans to sell.
The park has been owned and run by wife and husband team Kate and Ed Nichols since 2011. Starting with three cottages and a few touring pitches, it has grown to currently host 35 units, including five holiday cottages, 20 touring pitches and 10 glamping pods.
Kate Nichols, owner of Hillcrest Park, said: “The logical next step to expansion was to add holiday lodges to our site, to compliment the cottages, pods and touring pitches we currently hold.
“HSBC UK was incredibly supportive and enthusiastic in our plans for growth and its backing means we are able to put the required infrastructure in place.
“We’re big believers in giving back to the local community and we use local contractors and building suppliers wherever possible.
“Our hope is that the owners of the new lodges, who can visit all year round, will also spend money in the local community ensuring that Teesdale has a sustainable rural economy.”
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