BGF pumps £2m into Xercise4Less

Alice Murray
29 May 2014

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Business Growth Fund (BGF) has invested a further £2m into existing portfolio company Xercise4Less.

The additional funding will support the company in opening another 11 sites this year, bringing its total number of UK gyms to 29.

Previous investment
BGF first backed Xercise4Less in August 2013, investing £5m, when the company operated just nine fitness centres.

Company
Founded in Castleford in 2006, Xercise4Less currently operates 18 gyms across the UK. The next sites to open will be in East Kilbridge, Burnley, Liverpool Speke and Falkirk.

The company specialises in offering low-cost gym memberships, which start from £9.99.

People
Ex-rugby player John Wright is the CEO and founder of Xercise4Less.

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