^Growth Guarantee Scheme for Holiday Parks - Apply Now

Government-backed term loans under the Growth Guarantee Scheme offer holiday parks substantial funding of £50,000 to £500,000 for major expansion initiatives with repayment terms spanning 12 to 60 months and competitive interest rates of 3% to 6% per annum. These loans typically require 2-4 weeks for initial decisions and are designed for holiday resorts investing in new cabins, entertainment attractions, or eco-friendly solutions that demonstrate clear growth potential. The application process involves submitting comprehensive business financials, detailed growth plans, and working through participating UK financial institutions that specialise in government-backed lending. Holiday parks can use these funds for expanding accommodation facilities, upgrading critical infrastructure, or enhancing customer service capabilities to attract more visitors and increase revenue streams throughout the year.

Asset finance loans within the Growth Guarantee Scheme enable holiday parks to secure £10,000 to £250,000 for purchasing specific assets such as new caravans, playground equipment, or guest amenities with flexible repayment terms of 6 to 48 months and interest rates ranging from 4% to 8% per annum. These loans are particularly suitable for family holiday parks upgrading to sustainable energy solutions or modernising their facilities to meet evolving customer expectations. Eligibility requires a solid credit history, stable cash flow, and a detailed asset acquisition plan that demonstrates how the new equipment will enhance the park's offerings and profitability. The streamlined approval process typically takes 1-2 weeks and focuses on the specific assets being financed, making this an efficient solution for parks needing to update their infrastructure without tying up working capital.

Working capital loans under the Growth Guarantee Scheme provide £5,000 to £100,000 in short-term funding for holiday parks managing seasonal cash flow fluctuations with repayment terms of 3 to 18 months and interest rates ranging from 6% to 12% per annum. These loans are designed for seaside holiday parks financing off-season staff training programs, covering maintenance costs during quiet periods, or funding marketing campaigns to attract visitors for the upcoming season. Eligibility requires at least one year of operational history and focuses on the park's ability to manage seasonal variations in revenue. The application process is streamlined with decisions typically made within 1-5 business days, making this an ideal solution for parks needing quick access to funds for managing off-season expenses, covering staff wages during quieter months, or preparing for peak season operations.