Darwin Leisure, the parent company of Darwin Escapes, which operates 26 holiday parks across the UK, has secured £50m in funding to help grow its portfolio. 

The funding, from Metro Bank, comprises a £10m revolving credit facility and a £40m term loan and will provide Darwin Leisure “with flexible growth financing as it continues to develop and expand its portfolio of high-quality luxury parks and leisure facilities”. 

James Penney, chairman at investment adviser Darwin Alternatives, said: “This new package not only strengthens the fund’s financial foundation but also provides the flexibility needed to support our long-term growth strategy. 

As we continue to invest in and expand our portfolio of premium UK lodge resorts, this facility will help us deliver exceptional experiences for our guests and strong, sustainable returns for our investors.” 

KPMG Corporate Finance acted as lead financial adviser to Darwin Leisure Development Fund on the transaction, while Burges Salmon and Gateley acted as lead legal adviser to Darwin Leisure Development Fund and Metro Bank respectively.

 James Penney and Anthony Esse co-founded the Darwin Group in 2003 and established the Darwin Leisure Development Fund in 2007.