Downtide Caravans announces expansion plans
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Downtide Caravans & Leisure secures funding
East Anglia’s leading caravan and motorhome dealer announces new ‘six-figure’ funding deal from Allica Bank. The deal will provide Downtide with the capital it requires for expansion, including a workshop refurbishment.
The new investment has also contributed to Downtide becoming the main authorised dealer for Elddis, Buccaneer, Xplore and both Bailey caravans and motorhomes for East Anglia.
Nathaniel Cureton Content Editor
Nathaniel Cureton Content Editor
Emily Hopkins, Allica Bank’s Relationship Manager for Norfolk
Norfolk has long been a beloved destination for caravan and motorhome holidays, and Downtide Caravans plays a vital role in keeping this tradition alive. Their commitment to quality service and their deep roots in the local community make them exactly the kind of business Allica Bank is proud to support.
Downtide says the planned expansion and refurbishment is coming due to the company seeing an increased demand for its premium motorhomes.
In fact, the UK Camping and Caravanning Market Report 2024 revealed 47% of adults have taken a camping or caravanning holiday in the last three years.
David West, co-owner of the fourth-generation family-run business, said,
We’ve had a really strong few months and this extra funding means we can continue to expand our operations and improve our service for customers ahead of the busy spring and summer season. With the overdraft secured, too, we’ve got the confidence to crack on with our growth plans and the capacity to respond quickly to opportunities if they arise.
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