The German caravan and motor home market is to receive a boost after an investment company promised to pour millions of pounds worth of funding into it.
GE Capital is set to inject ?50 million (£44.8 million) into the industry before the start of 2010.
The firm explained that the finance available to caravan and motor home companies has dried up somewhat due to the recession and it has come forward with a package designed to stimulate the market.
Spokesman Maarten Endel explained that a number of lenders have pulled out their backing or scaled back what they are willing to offer.
GE Capital commercial leader Petri Pennanen added that the investor plans to continue its support next year.
“We are already in discussions with several of the other leading brands in the German caravan and motor home market and anticipate that these will lead to much higher volumes for the full year in 2010,” he said.
Caravan enthusiasts heading to Germany could visit one of 33 Unesco World Heritage sites of extraordinary universal interest.
