Club Capital invested £275,000 into Jamies Gymnastics Academy to help the club secure its first dedicated facility.

Jamies Gymnastics Academy (JGA), the largest gymnastics provider in the UK, secured £275,000 of Club Capital finance to help them expand their offering by opening their first dedicated, seven days a week gymnastics facility.

JGA has been offering recreational gymnastics classes to the local community in the Bromley district of London for 17 years, but all from non-dedicated satellite sites. Early in their development JGA moved away from the typical emphasis on elite gymnastics with the aim of making grassroots gymnastics fun and accessible for everyone. The dedicated facility enables JGA to make their offering more consistent and accessible to their local community.

Club Capital support included:

• Provision of a secured loan of £275,000 at an interest rate of 4%.
• Along with £90k of JGA club reserves, the investment funded planning and legal costs, building works, and new gymnastics equipment.
• Club Capital also appointed a technical consultant to support the process by reviewing the construction project budget and tenders, and provided ongoing support during the build phase.

Sporting Assets led on the due diligence process and the assessment of JGA’s financial position and business plan.

Outcome

After receiving Club Capital funding, JGA opened its first purpose built, seven days a week gymnastics facility in Beckenham. Over 300 new members joined in the first month and membership is likely to continue to grow. JGA is now able to offer its broad range of classes, including adult gymnastics, disability classes, recreational gymnastics, Free G, and preschool classes, to even more people in its local community.