The Stallingborough Grange Hotel in North East Lincolnshire has secured a six-figure business loan from HSBC UK to fund a new stand-alone events venue.
The 18th century property, which has been family-run since its conversion from a house in 1989, has opened the new 200-seat Buttercross Suite, which will specialise in hosting weddings, due to its large capacity, tall arch windows and outdoor gardens.
The new suite has also created 10 new full- and part-time jobs, including a new marketing manager, as well as kitchen, housekeeping and waiting staff.
The hotel’s general manager, Heather Dutton, said: “Next year marks 30 years since our family bought the hotel, so it’s such a special time for us. We are incredibly happy with the new suite. Its additional space and natural light will allow us to deliver the ultimate experience for our guests. I would like to thank our Relationship Manager at HSBC UK, Dave Benson, who has supported the venture since the beginning.”
HSBC is equally pleased with their investment, with its area director of East Midland Business Banking, Paul Armstrong, saying: “HSBC UK were happy to support the hotel with its expansion plans. The new, purpose-built facilities will see the popular village hotel and restaurant grow in popularity and will help it stand out to its competition. It’s an exciting time for Heather and the family so I wish them all the best for the future.”
As well as HSBC’s loan, the other money that made up the seven-figure funding package included family savings and a Rural Development Grant.