'It has cost us over £200k' - Dinosaur park owners to put prices up after budget |
Goymour Group, which runs the dinosaur adventure park ROARR! at Lenwade and Applewood Hall and Countryside Park caravan park and campsite in Banham, says Rachel Reeves' latest budget will cost it an extra £60,000 next year.
Goymour Group runs the dinosaur adventure park ROARR! at Lenwade (Image: Supplied)
Even before last week's announcement, the group's wage bill for its 300 full-time and seasonal employees rose by £150,000 when employers' national insurance contributions, the national living wage and minimum wage all went up earlier this year.
Director Adam Goymour said the business will be forced to put prices up across the group in the new year.
Adam Goymour, director of Goymour Group (Image: Supplied)
"Our staffing costs are our biggest cost," he said.
"We've maintained our pricing for two years, but we're going to have to put our prices up next year because of all the extra costs we're incurring.
"We cannot save our way to success. Businesses need to reinvest to improve the customer experience, but these changes restrict our ability to commit to larger investments and growth plans.
"Underpinning everything is the lack of confidence among businesses.
"I've got 25 or 30 projects on my list that I want to invest in, ranging from as little as £50,000 to over £1m.
"That is probably a good £10m worth of investment that I'm not putting in, all because the confidence is not........