North Wales Holiday Park Secures £890K Alternative Financing for Expansion

Tyn-Y-Ffridd Farm, a holiday park in North Wales, has secured an £890,000 funding deal to support its continued expansion after losing access to traditional bank financing. 

The farm, located in Bangor near Snowdonia, offers holiday and private residential lettings across 70 acres of woodland and farmland. 

With alternative funding from Reward Funding, the business aims to build on its recent growth and further develop its accommodations and event offerings.

Owned by Sarah Thomas and David James, Tyn-Y-Ffridd Farm faced financial difficulties following the COVID-19 pandemic but has since pursued redevelopment efforts. 

The site now features holiday cottages, camping, and an expanded range of event spaces, including corporate retreats and weddings. Despite experiencing revenue growth over the past two years, the business needed additional capital to maintain its momentum.

Unable to secure financing from traditional banks, Thomas and James turned to Reward Funding, which specializes in asset-secured lending for property investors and businesses. 

The alternative financing has provided the necessary resources to sustain operations and support future expansion.

David James highlighted the importance of external funding in sustaining their growth trajectory. 

“Few businesses can enjoy the growth we’ve experienced without external finance, which is why we were relieved when Reward stepped in to support us when the bank removed its funding. The flexibility and pace of lending has ensured we’ve not stood still and are now in a position to expand the business further over the next 12 months.”

Mike Calvert, Reward Funding’s business development director for the North West, acknowledged the growing challenge of securing traditional financing for businesses. 

“Tyn-Y-Ffridd Farm is unfortunately one of a growing number of businesses that increasingly struggle to secure funding through traditional banks,” Calvert said in a report by Business Desk. 

“It can stifle many firms by preventing them from expanding, recruiting, or seizing market opportunities, which ultimately has an impact on the wider economy across North Wales. We’re delighted to be in a position to offer an alternative solution that unlocks further growth.”

The funding deal was brokered by Adrian Barlow of Commercial Funding @75point3, part of the 75point3 group, which operates across North Wales. He noted that Reward’s ability to respond quickly was a key factor in securing the deal.

For businesses in the outdoor hospitality sector, the case of Tyn-Y-Ffridd Farm highlights the growing role of alternative finance providers in enabling expansion and diversification. 

With traditional banks tightening lending criteria, asset-backed lending solutions may offer viable paths for businesses seeking to scale operations, invest in infrastructure, or develop new revenue streams. 

As the industry continues to evolve, securing flexible financing options will be a critical factor in maintaining business growth and adapting to market demands.