A trampoline park which was devastated by fire three years ago has received a loan of Â£ 300,000 to purchase additional equipment and complete its renovation.
Coventry-based Red Kangaroo – which has secured funding from the Midlands Engine Investment Fund (MEIF) – will use the funds to purchase additional equipment and create a socially distanced provision in line with government guidelines.
The trampoline park, which employs around 40 people, has foam pits, a wipeout area, an airbag and a mega slide as well as a new inflatable park.
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Now it is bracing for an increase in visitor numbers over the next few months after experiencing high demand during the periods between closings.
Red Kangaroo founder Paul Wrightman said: âFollowing a fire that took the park out of service in 2018, our redevelopment was put on hold last year due to coronavirus. This funding allowed us to complete the work on the park and create an exciting new area to offer even more variety.
âTo ensure that we can provide the safest environment for our staff and customers, we have increased our activities and implemented Covid security measures. “
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Chirag Mistry, Investment Manager at The FSE Group, which manages the MEIF Debt Fund, said: âPaul has extensive knowledge of the leisure industry and is a very committed and passionate owner.
âIt has created an offering that responds to the demands of customers looking for safe activities against Covid, as evidenced by the high level of booking requests received before the reopening.
âDue to the current restrictions on overseas vacations, I’m sure Red Kangaroo will likely be a popular spot during the six week summer vacation. We look forward to working with Paul and seeing how the next one unfolds. stage of its journey. it reopens. “
Sean Farnell, director of the board of directors of the Coventry and Warwickshire Local Enterprise Partnership, added: “Red Kangaroo has become a favorite of parents and children since its establishment in our area and this funding will allow the company to expand the facilities it can offer.
âIt is vital that we help our businesses not only recover from the pandemic, but also enable their future growth. “