A luxury hotel in the Lake District, forced to close its doors, has secured £200,000 funding from Barclays to support them through the current crisis.
Beech Hill Hotel and Spa, a luxury four-star hotel located on the banks of Lake Windermere, has successfully applied to the Coronavirus Business Interruption Loan Scheme (CBILS) allowing the business to access working capital to fund its core business costs during the closed period. This additional cash will allow the business to protect its workforce and ensure the hotel can pay suppliers, many of whom are local businesses.
Beech Hill hotel can trace its origins back to the 1900s when the stone-walls of the original hotel first graced the banks of Lake Windermere. From the eastern bank of Windermere, the dramatic views across the lake to the Western Fells are nothing short of breath taking.
Commenting on the funding, Managing Director Fraser Richardson, said: “Barclays were outstanding at dealing with the ever moving goal posts of the Coronavirus Business Interruption Loan Scheme. Rob and his team’s dedication meant that the Beech Hill Hotel & Spa is now able to come through the challenge of the lockdown while still keeping its team members and supply chain intact. I would personally like to thank Rob and his team for all their efforts.
He continued, “Protecting jobs and the local supply chain is vitally important to success of the hotel and will help us prepare for re-opening when the current restrictions on movement are lifted.”
Barclays Relationship Director, Robert Morland, said: “Fraser and the team have built up an extraordinary business over recent years. Their growing success is reflected by their popularity and positive reviews. Myself and the team have spent time getting to know the management team at Beech Hill, and when the hotel was impacted, our understanding of the business and our relationship with its owners made a huge difference. The new facility will secure over 38 jobs within the local community and provide vital liquidity to the business.”
