Xercise4Less, a Leeds, UK-based budget gym chain, raised £2m in financing.
Business Growth Fund, which had invested £5m in August 2013, re-backed and retained a minority stake in the business.
The company intends to use the company to continue to expand operations.
Founded in 2006 by ex-rugby player Jon Wright, CEO, Xercise4Less operates a low cost gym chain and is on track to secure a further 11 sites this year, bringing the total to 29 gyms located across the country.
27/08/2013: Xercise4Less Receives £5M Equity Investment