Independent motorway service station operator Westmorland has secured a £27m investment from the Royal Bank of Scotland to help with the expansion of its M5 service station business in Gloucestershire.
The funding will enable development of new southbound services to complement the Gloucester northbound services which opened in May. Once opened the site will create 300 jobs, bringing the company’s head count to approximately 800.
Laurence King, managing director of Westmorland, said the funding provides “a platform for the completion of the Gloucester development”.
James Adams, director of structured finance at the Royal Bank of Scotland in Manchester, added: “Westmorland’s values lie in employing and training local people, as well as forging close links with local charities and upholding strong sustainability credentials.
The family run business also operate Tebay services which was recently voted the most popular place for a pit stop in the UK by Which? members.