Tag: Investment

Seaside resorts in urgent need of reinvention

Seaside resorts, reinvention, investment, tourism
After they spent the last year on a fact-finding mission across England’s coastal towns, a House of Lords select committee is urging the government to up its regeneration efforts. Seaside towns across England “have been neglected for too long” and are in urgent need of reinvention according to a new parliamentary study. The Future of Seaside Towns report, written by the...

Brighton Pier Group welcomes investment increase

Brighton Pier Group, welcome, investment, increase
HPB Pension Trust has increased its stake in the Brighton Pier Group by 12 percent, following a significant rise in stock performance. The London-based investment fund now holds 25.7 percent of the group’s share total, equivalent to 9.6 million of the company’s 37.3 million available shares. The announcement comes despite a profit warning being issued in January by Luke Johnson, chair...

Haven unveils visuals as £100m investment starts to roll out

Haven, investment, holiday parks, uk,
£100 million is a lot to spend and Haven will be doing just that over the coming months to redevelop their holiday park offering. Last week the company unveiled some of the visuals of what visitors can expect to see this coming season. Haven announced its £100m investment plan late last year and has already got stuck into its revamp...

St Annes Pier wins Coastal Revival Fund cash

St Annes Pier, Coastal Revival Fund, investment
St Annes Pier has won a £50,000 share of the government’s £1m Coastal Revival Fund, which supports the restoration of historic buildings and sea- side assets. The bid, put forward by Fylde Council and St Annes Pier Company and supported by St Annes Enterprise Partnership, will go towards five specific areas and will be completed by the end of March...

Blackpool reveals plans for £300 million game changing leisure investment

Blackpool, leisure, investment, seaside, holiday
Blackpool hasn’t been top of the seaside resort charts without reason. And it intends on staying there with a £300 million reinvention for the amusements capital of the UK. Hi-tech regeneration plans released by Blackpool Council aim to pump £300m into a new leisure complex, in what will be the single largest investment in the resort’s tourist industry for over...

Withernsea Pier towers to be restored to former glories

Withernsea pier
Withernsea Pier’s historic towers are to be returned to their former glory after funding from the government’s coastal revival fund was secured for the site. A total of £48,600 has been allocated for the restoration work which is aimed to create a year-round public attraction and community hub. Northern Powerhouse minister Jake Berry MP made the announcement at the foot of...

Porthcawl investment plan approved

Porthcawl, investment, wales, eu
Plans for a multi million pound Maritime Centre development project in Porthcawl has been given the green light by councillors. An earlier form of the plan put the overall cost at around £7m and as such contravened the spending cap for crucial European funding. The now-approved complex is set to require a smaller £5.5m investment which, according to backers, will...

Gamestec select TouchTunes juke to spearhead pub music investment

Gamestec, TouchTunes, jukebox, pub music, investment
Gamestec Playnation, the UK’s largest and most influential operator, has chosen the TouchTune’s Angelina to spearhead its new pub jukebox investment programme. Described by Gamestec’s senior product manager, Stefan Podolanski, as being the ‘most attractive and impactful wall mounted jukebox that’s ever been built’, the Angelina has the same top earning,consumer friendly interface as its predecessor,the Playdium, while also featuring...

Storm to continue on retail investment roadmap

Storm Gaming
Storm Gaming Technology’s continued investment in people, product and premises has exceeded £1m for the third year in a row. Fresh from a move in Spring 2018 to the prestigious offices at Wolverhampton’s brand-new Science Centre the company has also moved its cabinet assembly business into a new multi-use warehousing facility at a nearby industrial park. The premises cater for Storm’s...

Gulzar affirms community commitment with wedding day save

Sheikh Abid Gulzar has once more affirmed his dedication to making Hastings Pier a south coast success story by helping facilitate a last-minute wedding event that had been left limbo since the change of owners. They say that action speaks louder than words and Sheikh Abid Gulzar is proving that in spades in Hastings. Bewilderingly criticised in some quarters, the...

Sheikh Abid Gulzar wins the battle for Hastings Pier

Hastings Pier
Sheikh Abid Gulzar, the owner of Eastbourne Pier, has acquired Hastings Pier from Hastings Pier Charity for a reported £50,000 on 15 June. Speaking exclusively to Coinslot, Gulzar said he plans to create more commercial activity on the attraction, while also avoiding the same pitfalls that caused the previous owners to enter administration late last year. “The plans are to work...

Legoland wins battle to build to visitor township and new rides in Windsor

With 11 votes to two in favour of Merlin Entertainment’s plans, Royal Borough planning councillors have granted permission for a new township and three new rides at the company’s Legoland attraction in Windsor. Merlin Entertainment’s leisure empire is expanding at the operator’s Legoland Windsor attraction after Royal Borough planning councillors granted permission for the construction of 450 new lodges and...

Hastings Pier in adminstration: When friends are not enough

Hastings Pier
Less than six months ago, Hastings Pier fell into the hands of the administrators. Not surprising really when the architectural gem of 2017 - it won the coveted Stirling Prize - had little to bring in regular income to ensure its commercial viability.

Clacton pier reopens following installation

Clacton Pier
Clacton Pier has reopened following the successful installation of a £75,000 power transformer, replacing an existing system that had been in place since the 1930s.   Work was originally expected to see the pier close for close to a week but was completed within two working days. Pier director, Billy Ball commented that the down time allowed for other improvements: “Our electrical...

Castle completes £1.3m upgrade at its Swansea bingo hall

2546-P2- Castle Bingo
Bingo is alive and kicking in Swansea. And after a £1.3m investment by Castle Bingo, the local community will be able to make use of new, top of the range facilities to ensure that the venue maintains its reputation as one of the luckiest in the UK.   In what will be one of the largest investments on the Welsh high...

Yarmouth Golden Mile seeks international investment

Coinslot Great Yarmouth Pleasure Beach bridge
Great Yarmouth Borough Council is seeking international investment for the town’s seafront - known as ‘The Golden Mile’, a development brief has revealed.   Officials want to replace the Marina Leisure Centre with something similar that offers swimming and sports, but the council is also open to amusements, holiday apartments, a cinema, or a hotel. Council leader Graham Plant explained that the...

Comment: Back to black – £2bn investment pledge intended to push growth

Coinslot Brexit investment
Finally, it appears Ms May is turning the tide on the UK’s counter-intuitive approach to recessions, says Aden Simpson, with a £2bn investment pledge intended to push growth through the worst effects of Brexit. While it’s true that much of the UK’s leisure sector is currently winning from the peculiar blend of a weak pound and a not yet Brexit-struck...