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A Booming Leisure Industry

A Booming Leisure Industry | Finance for Leisure Facilities | Golf Course Finance

The leisure industry is booming! The last few years have seen an upsurge in spending on leisure experiences and it is predicted that we will be spending £141 billion in leisure industry by 2022.

Perhaps surprisingly, the main areas of growth have been in activities that have been traditionally aimed at children. More and more adults are tapping into their inner child and trying their hand at trampolining, ball pools and escape rooms. One of the biggest areas of resurgence has been a good old-fashioned game of ten pin bowling. Gone are the dingy bowling alleys, business’ have been investing in new facilities and new menus to appeal to children and adults alike. They have also widened their offering to include live music and entertainment.

Many businesses are seizing this growth opportunity and thinking outside of the box in order to capitalise on under-utilised land and facilities. From golf courses building homes to appeal to weekend country dwellers, to leisure complexes upgrading their swimming facilities, the possibilities are endless.

However, before you can forge ahead with your innovative plans it is essential to ensure that you have the appropriate funding in place in order to complete the project. Your new facilities may yield improved profits once completed but it is vital that your existing business still has a healthy cashflow whilst you focus on the new aspect of your business.

This is where we can help. If you have a leisure facility that you are looking to upgrade, then we have solutions available. Come and meet the NGI team and discuss how we can help bring your plans to fruition.