Yorkshire leisure resorts firm receives £2.5m funding to help retain hundreds of staff
A leisure resorts company has announced that it has received a £2.5m funding package following the closure of its parks.
Coppergreen Developments, headquartered in Sheffield, has received the funding from HSBC UK to help it retain its staff while parks remain closed.
As a result of the coronavirus pandemic, these resorts had to shut down, which has meant the business has had zero income since the closures.
The company has implemented the government’s furlough scheme for 360 of its 400 employees.
Donna Copley, financial director of Coppergreen Developments, commented: “We initially feared that COVID-19 would mean permanently closing our holiday parks.
“However, thanks to HSBC UK’s support, we have been able to secure the future of the company and ensure that hundreds of our employees will be taken care of while the furlough scheme is in place.
“I believe our business now stands a very good chance of surviving this crisis and I must thank Chris and the team at HSBC UK for their efficiency, understanding and support in getting this loan through in these difficult times.”
Chris Alsop, relationship director of HSBC UK, added: “Coppergreen Developments has established itself as one of the most respected names in the leisure resorts industry in the UK and we’re happy to support the future of the business despite these unprecedented times.
“We look forward to seeing the business not only recover from this difficult period but continue to grow when its four resorts are able to safely reopen.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.