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Pontins is invest about £100m at its Southport holiday park, with the creation of 250 jobs, but the Blackpool site will close with the loss of 70 jobs.
Pontin's is to invest £50m in the redevelopment of its six holiday centres in Brean, Camber Sands, Pakefield, Prestatyn and Southport, with the creation of 2,000 jobs.
Pontin's is planning to double the capacity of its holiday park at Pakefield in Suffolk by 2012, with the creation of more than 100 jobs.
Pontin's, the chain of seven holiday camps, has been acquired by a former chief executive for £46m.