Nottingham hotel secures CBILS funding
A Nottingham hotel, which dates back to the Domesday book in the 11th Century, has secured CBILS funding from Barclays.
Colwick Hall Hotel and Byron’s Brasserie has received the funding to fulfil working capital requirements.
The building was bought in 2004 by current owner Selva Muthalagappan who developed the Grade II* listed Georgian mansion into an established hotel and popular wedding venue. The hotel offers 16 bedrooms, Byron’s restaurant and a banqueting facility, all housed on 60 acres of parkland.
Muthalagappan said: “In what has been a most unprecedented time, the team at Barclays and the provision of the CBIL loan has supported us in navigating these challenging months. The ability to bolster working capital when we are faced with a very limited revenue stream has been a boon and will assist us greatly to take us through to better times when events and weddings that are postponed, resume again.”
Alan Mele, relationship director at Barclays in Nottingham said: “The pandemic has been a challenge for many businesses and has created a lot of uncertainty. I am pleased we have been able to support Colwick Hall Hotel to navigate their way through what has been a difficult period for the hospitality industry.”
