Welsh Mountain Zoo secures £250k loan from Development Bank of Wales to maintain animal care during closure.
The funding comes via the Covid-19 Wales Business Loan Scheme to support ongoing operational costs.
Operating as a charity-owned tourist attraction across 37 acres in North Wales, the organization houses more than 140 animal species.
Welsh Mountain Zoo has secured a £250k loan from the Development Bank of Wales via the Covid-19 Wales Business Loan Scheme. The financing is designed to maintain essential cash flow for animal feed and care while covering running costs during the coronavirus pandemic.
The attraction, which has remained closed since late March, faces significant monthly operating expenses of £118k alongside substantial lost ticket revenue. The new capital provides a temporary bridge while the charity continues to pursue grants and private donations.
From the founder
"Whilst the gates are closed, our dedicated and hard-working team are continuing to provide the best care for our amazing animals, as they always do."
Jennifer Jesse
Director at Welsh Mountain Zoo
Investor perspective
"Attracting some 160,000 visitors each year, the Welsh Mountain Zoo is a great day out for all the family."
Chris Hayward
Investment Executive, Development Bank of Wales
Use of funds
- 01Scale operations
Investors
About the company
Welsh Mountain Zoo
Welsh Mountain Zoo operates a charitable animal attraction overlooking Colwyn Bay.