Marina operator reveals five-year strategy
British Waterways Marinas has revealed its five-year growth strategy, with investments across its portfolio of marinas amounting to £3m in the first year.
BWML recently opened Pennington Wharf, a 58-berth marina on the Leigh branch of the Leeds & Liverpool Canal, which will be operated as a satellite site from the White Bear Marina in Chorley.
Jeff Whyatt, managing director of BWML, said: “Since my arrival at BWML in 2014, I have reviewed the shape of the estate and we have now disposed of three sites that don’t fit within the development of the BWML brand. We can now concentrate on the development opportunities that exist within our remaining marinas.
“Pennington Wharf, delivered as part of the wider Taylor Wimpey residential scheme is coming on well, take up has been positive and we look forward to welcoming more boaters to this well placed marina during 2017.”
A £350,000 investment over two years at Glasson Basin, close to Lancaster, will improve both its infrastructure and the boatyard workshop. Improvements will be made to jetties this year, followed by additional undercover storage space and new spray booth capacity.
Regarding further developments, Whyatt said: “We are actively discussing options across the UK. With significant new marina openings on the inland network since 2006, there are marinas which may well be more attractive to purchase rather than build from scratch. We remain committed to discuss options with existing marina operators as well as work to convert new builds in targeted locations.”