hospitality-hub

The Cumberland has teamed up with other experts across the hospitality lending space to share advice for business owners on how they can safely expand their hospitality business, despite a challenging economic climate.

A Scottish family-run holiday let business is continuing to expand its portfolio thanks to ongoing support from specialist hospitality lenders, The Cumberland.

The Cumberland Building Society has made two new key hires to its commercial team, bringing the team which has a focus on lending to accommodation-led hospitality businesses across the country to a total of 28.

Businesses within the hospitality sector are feeling the strain, and so the idea of expanding a business can seem like a daunting task. However, experts argue that expanding and investing in your business could actually be key to coming out stronger on the other side.

Monachyle Mhor, Mhor 84 and Calair Cottage, a distinguished and award-winning collection of retreats nestled in the picturesque Scottish countryside, has benefitted from more than £1.7m in investment from expert hospitality lenders, The Cumberland Building Society.

The Cumberland has invested more than £45m into Scotland’s tourism sector in the last two years. This support is needed now more than ever, with 52% of Scottish businesses are still in survival mode amid the cost-of-living crisis and rising interest rates.

A brother and sister duo have acquired an 18th century Scottish inn with support from The Cumberland.

A father and daughter duo who embarked upon their holiday-let business journey in 2017 are now thriving with a six-property portfolio, thanks to support from The Cumberland.