Holiday parks in line for £50m investment

HOLIDAY park business Parkdean Resorts has announced plans to invest around £50m into its portfolio in the next year.

- COREENA FORD Business writer

The Newcastle company, which has its headquarters in Gosforth, owns and operates 66 sites across the UK, in coastal locations and areas of natural beauty, with static caravans, lodges and glamping as well as touring and camping pitches.

Parkdean, whose North East sites include Church Point at Newbiggin-by-the-Sea, Cresswell Towers at Druridge Bay, Sandy Bay in Ashington, and Whitley Bay, says the eight-figure sum will be ploughed into its sites next year to transform on-park facilities and amenities, expand pitches, and enhance retail developments.

The business is also expanding its 'competitive socialising' offering, bringing in new entertainment for guests.