A luxury Windermere hotel announced it has secured £200,000 funding from Barclays in order to support it during the ongoing pandemic.
The four-star Beech Hill Hotel and Spa, located on Lake Windermere, was forced to close its doors in light of the nationwide lockdown.
The new facility will allow the hotel to protect its employees and ensure it can pay local suppliers during the closed period. The funding will reportedly secure over 38 jobs within the local community and provide “vital liquidity” to the business.
In addition, Beech Hill Hotel has successfully applied to the Coronavirus Business Interruption Loan Scheme (CBILS), allowing it to access working capital to fund its core business costs.
Hotel managing director, Fraser Richardson, said: “Our Barclays relationship manager 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 our team members employed and supply chain intact.
“Protecting jobs and the local supply chain is vitally important to the 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.”