Crieff Hydro taps into £5m facility as its doors reopen
Crieff Hydro has tapped into a £5 million funding package to help it navigate the challenges posed by lockdown as it reopens its doors to holidaymakers.
The family-run business, which was founded in 1868 and now owns and operates seven hotels across Scotland, secured a £5 million facility through the Coronavirus Business Interruption Loan Scheme (CBILS) from Santander UK.
The finance support package has helped to support the firm through the challenges of lockdown and a sharp drop in income when the hotels closed their doors in March.
The business has focused on preparing to reopen and has begun to welcome back guests this week as Scotland’s hospitality sector attempts to get back on its feet.
Stephen Leckie, chief executive of Crieff Hydro, said: “Our relationship with Santander has always gone beyond banking. Now we can focus on reopening and we can’t wait to welcome our guests back.”