CARAVAN park group Parkdean Holidays plans to double its annual investment in improving facilities at its leisure parks.

The announcement came as the Newcastle-based group reported a 162 per cent rise in pre-tax profits, to £8.98m in the year to October 31.

The group plans to spend more than £9m on improving facilities at its 14 sites across England, Scotland and Wales. Full story - see tomorrow's business page.