Durham-based European Travel Group (ETG) is poised to buy a new head office to incorporate all its companies, after receiving nearly £900,000 funding from Santander Corporate & Commercial.
Created five years ago, European Travel Group comprises Lee’s Coaches, Durham City Coaches and Enterprise Travel, employing 80 staff.
The funding will allow all three companies to operate under the same roof; they currently all operate from separate leased premises in the north east.
The group’s strategy is to “continue to make acquisitions in the sector as opportunities arise.”
To complement its existing fleet ETG has invested £2.5m in new vehicles over the past 18 months to allow the group to service all types of work, from short local coach hire to European tours and educational-based services
ETG Director Derrick Collin says: “We have worked with Santander for a number of years and its understanding of our business continues to impress us.
“The new head office will allow us to make significant savings across our business and streamline operations which in turn will enable us to focus on growth.”
