close

Grove of Narberth secures future with successful Covid-19 Business Interruption Loan

The Grove – Garden images, Owen Howells Photography-0005

Grove of Narberth, part of the Seren Collection, has confirmed that the business has been successful in accessing a Coronavirus Business Interruption Loan through Barclays to secure their future in the aftermath of Covid-19.   

This loan protects the jobs of all 100 employees employed across the Seren Collection, and ensures that the team can continue once the impact of the virus has passed.

The business, owned by Neil and Zoe Kedward, has also confirmed that the government’s furloughing arrangements mean that every member of their team have been retained.

Story continues below
Advertisement

Neil Kedward tells BH: “It’s really been a nightmare for everybody, everywhere and totally overwhelming here for our team and business. We are a relatively new business who push hard to improve ourselves investing accordingly, and so an extraordinary crisis like this is particularly hard. We are simply delighted that support from the government backed loan through Barclays was there.

The loan also protects business partners and suppliers to the Seren Collection, meaning the company can meet obligations over the next few months.

“Apart from saving jobs the loan also protects our valued business partners and suppliers who can be assured that we will meet our obligations to them over the coming weeks, Neil adds. “Protecting their future is a clear priority for us too, and helps us all have the best chance of seamlessly rebooting our operations when the time comes.”

Tags : coronavirusfinancefundingGrove of Narberthhotelsloan
Zoe Monk

The author Zoe Monk

Leave a Response