NE1 Fitness Club secures £20,000 loan for expansion

What's the deal? NE1 Fitness ClubDealroom has a profile for this one. Try Dealroom →, a community gym in Newcastle founded by Josh HallDealroom has a profile for this one. Try Dealroom →, has secured a £20,000 loan through the British Business Bank's Start Up Loans programme, with support from the Business Enterprise FundDealroom has a profile for this one. Try Dealroom → North East.

What it means. The loan funded a move to larger premises, new facilities and equipment. Since relocating, the club has surpassed 100 members, reached its year-end turnover targets ahead of schedule and added two part-time employees.

Why now? Hall launched the club in March 2023, and growing demand prompted the move to a larger facility. The Start Up Loan provided additional funding to complete the expansion.

Read more: Bdaily

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