Old Amersham Hotels (Holdings) Ltd, a company that runs three popular local hotels and venues in Buckinghamshire, plus its sister company Redesdale Holdings Ltd, which runs hotels in the Cotswolds, have each received a Coronavirus Business Interruption Loan Scheme (CBILS) overdraft via Cynergy Bank. Both companies refinanced loans with Cynergy Bank in February of 2020. […]
As the tourism, leisure and hospitality sectors across England prepare to reopen this weekend, Greater Manchester leaders have issued a joint statement which sets out principles that will be adopted across the city-region to support these sectors. Leaders have pledged to make the case to government for more support for the tourism, leisure and hospitality […]
Leading pub membership organisation, the Forum of Private Pubs, is reporting that only 50% of our pubs are likely actually to open on Saturday, based on a survey of their members undertaken over this weekend. Specifically focusing on the guidelines issued by the government, only 27% of the pubs responding felt they were clear and […]
Parogon Pub Group Limited, operator of seven gastropubs based in Staffordshire, has secured £2m of funding from Santander UK as part of the Coronavirus Business Interruption Loan Scheme (CBILS). The funding will enable the business to meet immediate cashflow needs and ready the sites for reopening this weekend. Based in Staffordshire, Parogon Pub Group is […]
A group of popular Derbyshire restaurant hotels has secured a six-figure Coronavirus Business Interruption Loan Scheme (CBILS) loan from Lloyds Bank to help secure its future as it keeps its doors shut during the Covid-19 pandemic. The Boar’s Head in Draycott-in-the-Clay, The Lion Hotel in Belper and The Littleover Lodge Hotel in Littleover are owned […]
The country’s leading Thai restaurant group has completed a £5m loan by accessing the CBIL scheme through Barclays. With 35 sites across the Midlands and Southern England, Giggling Squid had been performing extremely well going into the crisis, despite the well-publicised headwinds effecting the casual dining sector. The Barclays loan will cover liquidity needs and […]
With doors opening on 4 July and the two-metre rule now relaxed, it will be back to business for the leisure and hospitality industry. However, this crisis doesn’t end with the dialling down of lockdown and the easing of distancing measures. A further cash boost is urgently needed to ensure all businesses survive long enough […]
The 25 Boutique B&B, a five-star luxury boutique B&B in Torquay, Devon, has agreed a five-figure Bounce Back Loan with Santander UK to support the business during the COVID-19 pandemic. The B&B, which opened its doors in 2015 following a major refurbishment, hosts six individually styled luxurious bedrooms and has won several awards, including being […]
An AI powered digital waiter and menu service, w8r.ai has launched to help restaurants, cafes and bars to safely re-open their doors as lockdown restrictions begin to be lifted. The service removes the need for physical menus and lets customers order food and drink directly to their table from their own phone, increasing staff and […]
Tregenna Castle Resort, in St Ives Cornwall has secured a £1m loan from Lloyds Bank to help secure the business’ future after the hotel, self-catering, leisure and events venue was forced to shut amid the Covid-19 lockdown. The coastal resort secured the finance in preparation for a significant drop in revenue, with quarantine restrictions falling […]
