The seaside amusement park has secured a loan of over half a million pounds after smashing attendance figure targets during its first free admission weekend.

One month after plunging into administration, the heritage amusement park received £600,000 from hedge fund company Arrowgrass, which is situated in the Cayman Islands.

Sands Heritage Limited, who run the popular Margate attraction, announced the saddening news in May before administrators Duff and Phelps were called in to assist with the situation.

Despite the news of administration, the park has turned the woes into a success, after attracting over 14,000 guests to the site over the anniversary weekend, almost double the expected attendance figures.

Everyone is welcome: The ticket turnstiles blocked off due to the free admission policy.

Everyone is welcome: The ticket turnstiles blocked off due to the free admission policy.

The park remained open even longer than anticipated on Sunday 19 June due to the crowds, 77% of whom purchased the brand new unlimited ride wristband.

Eddie Kemsley, CEO of Dreamland, confidently stated: “During our first birthday weekend we smashed our targets by nearly double. It’s safe to say that Dreamland is here to stay.

“This is a wonderful indication of what’s to come and we are deeply grateful to those who believed in, supported and continue to support Dreamland, through what has been a turbulent first year.

“Now, we want to encourage anyone who has not visited Dreamland to come and try before you buy, even if rides are not for you come and watch the on-park entertainers, visit the vintage pinball parlour, enjoy the animals in the Dreamland Ark or some live music on the bandstand.

“Plus, there is so much more to come with the opening Hall by the Sea imminent, along with two new rides destined for the amusement park, we are can say with the upmost confidence this will be Dreamland and Margate’s best year in many years’.”

The park marked the anniversary weekend with a Soundclash event, applying a Margate twist to a Notting Hill Carnival scene.

Gallery: Dreamland celebrates its first anniversary with a Soundclash:

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Dan Wright

Dan is a graduate Journalism student who has been writing for Airgates since 2015. His passion and knowledge for the theme park industry sees him visiting theme parks across the world each year, mainly in Europe. Dan has appeared on behalf of Airgates on BBC Radio 5Live and BBC Radio Sheffield to part with his theme park/roller coaster knowledge to a public audience.

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