Menu
What's new
By:
Filters

PBB apply for £5m loan

Ian

Ian

From CoasterForce
Staff member
Administrator
Moderator
Social Media Team
BLACKPOOL Pleasure Beach is seeking to borrow cash for a new investment in the attraction.

The company has applied to the Lancashire Enterprise Partnership (LEP) for a loan through the Growing Places Fund.

It is not yet known how much money the park is seeking, or what it will be used for, but a report to Blackpool Council describes the application as having been made “in order to facilitate new investment at the park”.

It adds: “The application seeks to utilise the Growing Places Fund, which has been established to develop infrastructure projects where funding is not readily available through other channels.”

None of the loan will come from the council, which lent the Pleasure Beach £5m in 2010 towards the building of Nickelodeon Land, but town hall chiefs have given their support to the bid.

<blah blah blah>

The Pleasure Beach application has not yet been finalised. All applications to the scheme must prove they will lead to jobs being created and help stimulate the local economy.
Click to expand...

Read more: http://www.blackpoolgazette.co.uk/news/ ... -1-4670058

Surely, SURELY, a loan of this magnitude equates to a new coaster? It has to. Surely.

Let the speculation begin.
 
Does fountains don't just bubble up out of the ground you know? :p

£5 million for "coaster" attraction really isn't much unless they're willing to invest an equal amount too. It's a bit much for a flat ride too though so who knows? Need. More. Details.
 
Wouldn't the Lancashire Enterprise Partnership be looking for match funding? So I guess it could be a £7.5m-£10m investment in total.
 
Yes, if you re-read, the £5m was what they borrowed for Nickelodeon Land. The amount of this seems to be unknown and I'd suspect it was for Wallace & Gromit.
 
Tom G said:
Yes, if you re-read, the £5m was what they borrowed for Nickelodeon Land. The amount of this seems to be unknown and I'd suspect it was for Wallace & Gromit.
Click to expand...

I doubt it's for Wallace and Gromit as that's already under construction, this will be for a project a year or two down the line.
 
I'd also bet on Wallace & Gromit. Maybe the £5 million loan is for really marketing the attraction, it'd be a waste building a ride with such a well-loved IP if they didn't really advertise it comprehensively nationwide.
 
OK, so I appreciate that the assumption that this loan is for £5m is flawed, and there's likely to be other factors involved (fund-matching etc) but let's assume for a moment that we're talking about an investment of £5m.

Who's to say this isn't for a new cred? I'm not the only one that has thought for a while that an S&S El Loco would be an unsurprising choice for the park. Considering Mumbo Jumbo was said to have cost £4m, I wouldn't rule out a +1 on such a relatively small amount of cash.
 
I've heard £5million and W&G mentioned in the same sentence, but I'll be surprised if that had any relevance to this latest bit of news.

I can't honestly say I know much about this, but I do know they plan to put something in for thrillseekers after W&G, which is why they are slowly making room inbetween South and North park.
 
I think STC would be right on this if the loan is £10m or less. I would definatly presume its going towards advertising and maybe adding to the theming of W+G. It could even be that they've discovered problems since starting construction and they realised that the whole project will cost more than the initial estimates.

I just cant see the park applying for funding for a future major project when they have one underway that has only just started. I'd assume that any plans for future additions will also be affected by the financial return and attendance figures from W+G.
 
I don't know the murky workings of the LEP but in my (frustrating) dealings with Lancashire County Council trying to get funding for my theatre, they're not keen on supporting projects that have already started. Not ruling out W&G (far from it) but they'd want to put their money to something new that may create more employment and regeneration.
 
Robbie said:
I don't know the murky workings of the LEP but in my (frustrating) dealings with Lancashire County Council trying to get funding for my theatre, they're not keen on supporting projects that have already started. Not ruling out W&G (far from it) but they'd want to put their money to something new that may create more employment and regeneration.
Click to expand...
I don't mean to sound like a C*nt here, but, there's a HUGE difference between a little Theatre Show & a Themepark that can earn the council a HELL of a lot of money.


- More tourists visiting the Town.
- More money spent on public transport. A LOT of people stay further in the town centre, meaning they get the tram down to South, therefore spending around £2 each time.
- Shops, Food Outlets, Arcades etc. all get more revenue.
- The tourists will more than likely stay for a few days and visit other attractions, The Piers, Sandcastle etc. which are all owned by the Council and run by BOC (Blackpool Operating Company).

So, yeah, you can see why they'd think about investing in a future expansion of the park.
 
Lofty said:
Robbie said:
I don't know the murky workings of the LEP but in my (frustrating) dealings with Lancashire County Council trying to get funding for my theatre, they're not keen on supporting projects that have already started. Not ruling out W&G (far from it) but they'd want to put their money to something new that may create more employment and regeneration.
Click to expand...
I don't mean to sound like a C*nt here
Click to expand...
But yet, you're so good at it. :)

So, yeah, you can see why they'd think about investing in a future expansion of the park.
Click to expand...
That's my point: LEP want projects that are shiny and new and in the future, which they can have their name on the press release from Day One. Wallace & Gromit is already happening, so it's unlikely to be that unless it's something related to physically getting more people into the park (most LEP grants are for roadworks or regeneration) that hasn't been announced yet.
 
Robbie said:
But yet, you're so good at it. :)
Click to expand...
;)

So, yeah, you can see why they'd think about investing in a future expansion of the park.
Click to expand...
That's my point: LEP want projects that are shiny and new and in the future, which they can have their name on the press release from Day One. Wallace & Gromit is already happening, so it's unlikely to be that unless it's something related to physically getting more people into the park (most LEP grants are for roadworks or regeneration) that hasn't been announced yet.[/quote]
Yes, but, at the end of the day, it's a new Investment, it WILL bring people into the park, it's that simple. The amount of money PB spend on marketing is phenomenal. Any money they pay into the project will be easily made back.
 
You must log in or register to reply here.
Top