Springing into action! Trampoline entrepreneurs secure £5m investment
INVESTMENT: GraVity has secured a £5 million boost.
By Hull Daily Mail | Posted: 13 Apr 2017
THE Bridlington-born businessmen behind the UK’s premium trampoline park brand are expanding their empire thanks to a £5 million cash boost.
Harvey Jenkinson and Michael Harrison opened the first GraVity trampoline park in Xscape, Castleford, in February 2015.
The company have since opened a new trampoline park in Hull’s St Stephen’s, as well as in Norwich and Maidstone, bringing the total number of employees to 220.
The entrepreneurs say they will use the cash, sourced from an EIS fund through Guinness Asset Management, to open four new parks across the UK while introducing new activities and increasing capacity at existing sites.
Mr Harrison said: “We have made significant progress since opening our first trampoline park. From sleeping on the trampolines at night and working 16-hour days to build our first park, we are now a profitable business and the only trampoline park operator to focus on desirable high footfall retail and leisure locations.”