A Lancashire boat hire company, which has branched out into weddings and other events, is continuing to expand its business thanks to two loans.
Canal Boat Cruises, based at Riley Green Marina, Hoghton, allows customers to hire river boats for special occasions, events, romantic dinners and holidays.
The company bought land adjacent to the site and then turned it into a wedding venue with a £130,000 loan from Rosebud it secured in 2018.
Both companies, Canal Boat Cruises and The Tipis at Riley Green, have had a difficult two years during Covid-19. But the companies said Rosebud’s support also helped companies keep their staff working throughout the period.
Lesley Yates, director, said: “Our wedding and events business had to close completely for 18 months. We opened the teepees last April and were able to use them for smaller gatherings, but the remaining money from the Rosebud loan has allowed us to keep our staff on.
“This year, in addition to a large number of weddings, we hope to do more corporate events and also more to help the local community.”
Rosebud is owned by Lancashire County Developments Ltd (LCDL), a wholly owned subsidiary of Lancashire County Council. It aims to support the growth of Lancashire businesses and the local economy, providing loans between £10,000 and £300,000 and business support.
Canal Boat Cruises also received a Rosebud Micro loan in 2015 to help it grow. With the support of the two loans, the company has grown from a total of eight people to 25 and continues to expand.
Rosebud is implemented by GC Business Finance. Businesses in Lancashire’s 12 local authorities are eligible for funding: Burnley; Chorley; Fylde; Hyndburn; Lancaster; Hang; Preton; Ribble Valley; Rossendale; South Ribble; West Lancashire; wyre.