Cambridge & Counties Bank has confirmed a substantial financial package for the expansion and redevelopment of the River Tilt Park, a popular holiday destination located in Perthshire, Scotland. This funding arrangement aims to refinance existing debts and introduce a series of enhancements across the park, including new leisure amenities and a refurbishment project.

The finance agreement features a significant loan dedicated to refurbishment efforts, designed to assist property investors and developers in increasing the value of their assets through targeted redevelopment and refurbishment initiatives.

River Tilt Park, situated about 48 kilometres north of Perth and operated by the family-owned Richardson & Others since 1981, is set to undergo a transformative phase. The investment from Cambridge & Counties Bank will facilitate the modernisation of on-site cottages and improvements to the park’s bar, restaurant, and leisure centre. Additionally, the funding will support the extensive refurbishment and expansion of The Roundhouse Inn, a key property within the park, encompassing a stone-built, two-storey structure on an 0.8-acre site.

Barry Rodger, a senior relationship manager at Cambridge & Counties Bank, expressed enthusiasm over the partnership with Richardson & Others. He highlighted the bespoke nature of the lending package, which includes a tailored refurbishment solution, as a pivotal element in supporting the holiday park’s ambition to enhance its offerings and pursue growth opportunities. This financial backing marks a significant step forward in the park’s development, promising an improved experience for visitors and a strengthened position in the leisure and tourism market.