Caravan Club brings forward £1.25m lochside investment

The Lochside Caravan Park which is to undergo a major investment by The Caravan Club.

The Lochside Caravan Park which is to undergo a major investment by The Caravan Club.

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THE U.K.’s leading caravanning organisation, the Caravan Club, has shown its commitment to Forfar by bringing forward its programmed upgrading of the site by three years.

The club was successful in securing a 20 year extension to its current 30 year lease of the Lochside Caravan Park, which began last March, at a full meeting of Angus Council last Thursday.

In a statement the club said it was celebrating completion of its first season at the Lochside touring park, which marked a “key investment” in the club for Scotland.

It said: “Having carried out several minor improvements during 2010, the club is showing its commitment to Lochside and to Forfar by bringing forward its programmed upgrading of the site by no less than three years.

“To avoid disrupting the sites occupancy, extensive improvements to the pitching areas, service infrastructure and the facilities within the joint reception/amenity building will receive a thorough refurbishment during the course of next winter, bringing the club’s investment in Lochside to an estimated £1.25 million which will bring this property up to the standards for which the Caravan Club is renowned.”

Having attracted more than 18,500 visitors in its first season of operation, Lochside is well on track for raising this to 25,000 visitors each year which has given the club the confidence it needs to accelerate its planned investment programme.

It added: “Accounting for approximately £500,000 of off-site spending, the local business community is estimated to be benefiting by at least £2.5 million each year from the Caravan Club’s presence after allowing a conservative multiplier of five to reflect the economic compounding effect.”

Ken Stewart, chairman of the Forfar Business Initiative, welcomed the investment stating: “Having witnessed the beneficial effect of the club’s involvement in the Lochside site during 2010, local businesses are now looking forward to sharing in the 35% increase in visitor numbers projected for 2011.

“They particularly welcome the club’s positive vote of confidence in Forfar in bringing forward such a substantial investment which is sure to give an additional boost to Forfar and the Angus economy in years to come.”