Investment enables expansion of holiday accommodation provider



Sign up for free to receive the latest news straight to your inbox

Register now

A vacation estate in Ripon has launched a new suite of luxury riverside accommodation after securing an investment from Lloyds Bank.

Riverdale Rural Holidays, near West Tanfield, offers accommodation in the foothills of the Yorkshire Dales.

Guests have access to a series of popular hiking trails and can stay in a custom lodge or safari tent overlooking the Ure River.

Over the past 12 months, Lloyds Bank has supported the Riverdale team of four, led by husband and wife Richard and Daphne Bourne-Arton, with a series of funding programs, including a Bounce Back loan of 50,000. £ in 2020, and two more bank loans totaling £ 125,000.

The funding allowed Riverdale to expand its range of accommodations, with the team recently opening reservations for four new luxury shepherd’s huts, located in the estate’s wildflower meadow.

Their launch follows the successful addition of four safari tents in July 2020, alongside the original lodges. The tents are equipped with a gas barbecue and fireplace, as well as private bathrooms, smart TVs and electric blankets.

Looking ahead, the team is already planning its next phase of expansion and is set to launch a set of private treehouses over the next two years.

Co-owner Daphne Bourne-Arton said: “When Covid-19 hit last year, we knew we had to act quickly and prepare for the inevitable wave of pent-up vacation demand.

“12 months later we have gone from four to 12 units and are now welcoming guests for a whole new experience in Riverdale through our shepherd huts.

“The support from Lloyds Bank has been invaluable – the team has been with us every step of the way, guiding us through the challenges of the pandemic and helping us bounce back stronger.”

Ian Smellie, Relationship Manager at Lloyds Bank, added, “We have worked with the Riverdale team since they opened in 2017, and we have loved seeing retirement grow stronger.

“As well as maintaining their status as a lover’s paradise, they’ve managed to broaden their appeal and really have something for everyone out there.”


Leave A Reply