Danske Bank's investment will aid the development of two new caravan parks in the popular north coast of Northern Ireland; one placed in Portrush - where the holiday park already holds two sites - and the other in Antrim.
The family run caravan park will receive £4 million to refinance its business, which they have been running for 40 years.
Once the development is complete, Blair’s Holiday Park will go from running 48 acres to 87, increasing its holiday home capacity to 1060.
Blair’s Holiday Park’s managing director, Colin Mayrs, highlighted the importance of this deal to the future of his company: “The support of Danske Bank means we are well equipped for our next phase of growth. More people are holidaying at home and we know there is a big demand for facilities similar to our current sites. Staying in holiday homes is no longer a seasonal thing, people come here for long weekends instead of city breaks.”
“Work is set to begin on the new parks in the coming months with the aim of opening in summer 2018. There will be major construction work carried out, including building of roads, installation of utilities, pavements and in the case of our Antrim site, a £500,000 reception building.”
“Danske Bank’s online platform, structured relationship management and credit appetite were a huge draw for us. We were delighted at how easy the switching process was from start to finish.”
Danske Bank’s business acquisition manager, Mark Sproule, said: “Having established a long term relationship with the customer, we knew the needs of the business and were able to offer an attractive package to support the next phase of development.”
Source: News Letter