Flamingo Land Future Secured as Barclays provides financial support.
Currently closed during the lockdown Flamingo Land has received the wonderful news that Barclays are to provide financial support through the government backed Business Interruption Loan Scheme.
This loan will allow the park to continue trading through the Covid-19 crisis and means that no jobs will be lost at the theme park resort.
A Barclays spokesman told YorkShire Post:
“Based at Kirby Misperton, North Yorkshire, the business saw income fall overnight with the Covid-19 closure affecting what would normally be the busiest trading period of the year between April and October.”
Gordon Gibb, CEO of Flamingo Land said:
“Prior to Covid-19 we were growing year on year and reinvesting our profits back in to the business to expand our core services, support our workforce and deliver on our environmental commitments.
With more than one and a half million visitors coming through out gates each year, the Covid-19 lockdown saw immediate and widespread business interruption across all of our core business units.
The support we have received from Barclays to access a CBIL loan in a matter of weeks has been a lifeline to ensure we have sufficient working capital throughout this uncertain period. Although we are temporarily closed to visitors, many of our dedicated team of keepers have remained on site to care for our 1,200 animals.”
The loan will boost Flamingo Land’s cash flow and support the day-to-day expenditure of the park and the zoo.
Flamingo Land is one of North Yorkshire’s top tourist attractions and it’s nice to read some positive news when relating to theme parks during this uncertain time!
A Flamingo Land future is now secure.
