The UK’s third largest holiday park operator, GB Holiday Parks, is planning a major redevelopment and acquisition programme following a multi-million pound investment by the private equity business of Dutch bank ABN AMRO.

The Winchester-based company, which trades as Great British Holiday Parks, owns 19 coastal sites throughout England and Scotland and now plans to invest further in those sites as well as seeking new properties.

Philip Mason, chief executive, said: “This investment by ABN AMRO Capital is fantastic news. Our expansion programme can now move on apace and we are back on the acquisition trail, seeking deals with private park owners looking to sell their businesses.

“We remain determined to establish ourselves firmly in the UK number two spot. We have the financial backing available and are ready and able to acquire parks of a minimum of 250 pitches which we can develop to the high standards and image of our current parks.”