Investors back North holiday park expansion

A plan to add 54 new holiday homes to a resort in north Lancashire has secured £2m backing from investors.

Twin Lakes, situated to the north of Carnforth, has planning permission for 54 holiday lodges, several of which have now been completed and are already operational.

Now Blackfinch Property, part of Blackfinch Group, has provided a £2m development loan to aid the expansion, including the addition of five luxury lodges.

Blackfinch assess all investment opportunities against criteria that will deliver Environmental, Social and Governance (ESG) benefits. The site has seen the redevelopment of a former disused quarry, creating a new wildlife environment as well as additional local jobs. 

The construction also used locally sourced sustainable materials, including timber frames fabricated in the area. The development is also compliant with energy efficient building regulations and provides facilities for bicycles and electric charging points.

David Diemer, investment director at Blackfinch Property, says: “It was a pleasure to work with the Lodgequest team to deliver the latest phase of their vision for Twin Lakes, a luxury holiday complex in beautiful surroundings that enhance as well as protect local biodiversity.

"The business model for this development is complex and, after taking time to fully understand it, we were able to structure a facility that best supported the growth plans of the borrower.

"Because we build long-term relationships with our clients, we’re often involved in several phases of a project. We’re excited to see what the future holds for Twin Lakes and how we can further support the Lodgequest team.”