A travel business has secured a new funding package to help it cope with the impact of the covid-19 lockdown as it prepares to handle "record" bookings for 2021.
Birmingham-based Attraction World is a ticket reseller working with travel agencies and tour operators and through its own websites, counting major names such as Alton Towers, SeaWorld Orlando and Disneyland Paris along its clients.
The undisclosed new capital has been provided by Barclays' Birmingham office via the Coronavirus Business Interruption Loan Scheme (CBILS).
Like many in the travel industry, the Kings Norton outfit was hit by the coronavirus lockdown and mass cancellation of holidays.
But the company said it had also seen record bookings for 2021 so sought out the CBILS funding to bridge the gap as it headed towards the winter low-season.
Chief executive Paul Stobbs said: "We are pleased to have secured the CBILS funding from Barclays.
"Attraction World is exactly the sort of business the CBILS scheme was designed for; a robust business model but in an industry which has been heavily impacted by the pandemic and so requires additional headroom to trade through this period of uncertainty."
Andy Mayne, relationship director for hospitality and leisure at Barclays, added: "The team at Attraction World has worked hard in navigating Coronavirus by making decisions which protect the business without compromising its ability to continue to flourish post-pandemic.
"We are delighted to be able to support a valued customer."
Debt advice was provided by Cattaneo Corporate Finance and law firm Browne Jacobson also acted on the deal.
