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The owner of some of the UK’s most popular tourist attractions has secured a multi-million pound finance deal.

Heritage Great Britain plc, which runs attractions such as the Needles Park on the Isle of Wight, Snowdon Mountain Railway, Land’s End and John O’Groats, received £5.2 million cash funding from Alliance & Leicester Commercial Bank’s Merseyside business centre. The investment will be used to fund Heritage Great Britain’s plans to develop key heritage sites.

Alliance & Leicester Commercial Bank was led by Debbie Thompson, head of the Merseyside business centre, assisted by Mike Bligh, senior manager at its corporate treasury department.

Thompson said: “We put together a tailored package specifically designed for Heritage Great Britain’s development plans and seasonal income, enabling us to save them thousands of pounds a year. These sites are national treasures and I look forward to helping Heritage Great Britain to continue to maintain, develop and protect them for many years to come.”

The chief executive of Liverpool-based Heritage Great Britain, Allan Leech, said: “This deal will enable Heritage Great Britain to carry out exciting improvements to our sites around the country and, in turn, will provide a terrific boost to the local economies in the areas round the various heritage sites.”

“We have a number of improvements we would like to make to our heritage sites, to make the visitors’ experience even more entertaining and educational. The deal with Alliance & Leicester Commercial Bank has helped Heritage Great Britain to not only secure the future of these important sites, but has also saved us a significant amount in bank charges and interest. This cash can now be ploughed back into the business to help maintain these important landmarks and attractions.”

Hurst performed due diligence. Managing partner Claire Jackson and manager Stephen Hurst led a team that reported on the finance package.

Heritage Great Britain generated an £11 million turnover for the year to January 31, 2007. The company forecasts to increase this by 15% during the next 5 years through increased capital investment in its key sites.

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