Xercise4Less set to open 100 new gym locations across the UK

Gym group Xercise4Less has managed to secure funding from the Business Growth Fund (BGF) in order to open up to 100 new gyms across the UK, which could see up to 4,000 new jobs being created over a five-year period.

According to a news report in the media, the company has signed a deal with supermarket giant Tesco to open a 31,910 sq ft gym at its Stockton store in Teesside and currently has agreements signed on a further 14 sites, which sees the brand take on more market share in Yorkshire, the North East and the South West.

“With the UK gym market being valued at around £4bn, with a growing trend that sees the more nimble low-cost gyms increasingly taking market share from mid-market operators, this is an exciting time to be aggressive about our growth,” said founder and managing director Jon Wright.

“BGF’s funding will give us the financial and operational facilities to continue our expansion at a key time for the market and we look forward to working with the team over the coming years.”

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