Loan safeguards firm’s future as Bunchrew-based H&I Adventures secures £100,000 coronavirus business interruption loan to continue trading and safeguard several jobs in the process
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As the country takes cautious steps towards moving out of lockdown, the future is looking bright for at least one Highland company.
Bunchrew-based guided tour firm H&I Adventures has secured a £100,000 coronavirus business interruption loan from HSBC UK which will allow it to continue trading and safeguard several jobs in the process.
The firm runs worldwide guided mountain bike tours and chief executive Euan Wilson said the last year had been as tough for them as anyone, with the travel ban resulting in a slew of lost bookings and an 85 per cent drop in revenue.
“Basically, since March last year we have only run three trips here in Scotland – domestic trips last summer,” he said.
“But we’ve been lucky and moved a lot of our customers onto 2021 from last year.
“We are hoping, going by recent announcements, that from mid-June time we are going to be able to start meeting all of our commitments. Obviously the far-flung destinations are going to be more tricky for maybe the foreseeable year, but domestic, Europe or North America should be OK.”