Center Parcs to build new resort

Holiday firm Center Parcs says it is pressing ahead with plans to build its fifth UK resort.

In a move set to create 2,700 jobs, including 1,200 in the construction of it, it plans to build 625 forest lodges, a 75-bed hotel, a swimming pool, a lake and other leisure facilities at Woburn, Bedfordshire.

It has secured �250 million of funding for the development, which will be open in the spring of 2014, after HSBC, Barclays, Royal Bank of Scotland and Lloyds agreed to a �150million construction loan. The rst will come from the group’s private equity owner Blackstone following a �1billion refinancing.

The expansion has been welcomed by Prime Minister David Cameron.

The group, which has existing sites at Elveden Forest in Suffolk, Whinfell Forest in Cumbria, Sherwood Forest in Nottinghamshire, and Longleat Forest in Wiltshire, said the construction project would be “the largest of its type in Britain for many years”.