The Padel Club has successfully secured £1.5m in funding from the Northern Powerhouse Investment Fund II (NPIF II).
Founded in 2020 by Kris Ball, the Padel Club is poised to expand significantly in the UK.
Significance of the Deal
The £1.5m funding marks the first deal in Cheshire by NPIF II and represents a significant investment in the region’s burgeoning sports sector. The fund, launched in March, has already made substantial contributions to various businesses.
A Vision for Growth
The club currently operates four courts and plans to expand to 42 courts by 2025. This substantial growth underscores its commitment to making padel more accessible across the UK.
Financial Backing and Support
Louise Chapman, fund principal at Praetura, highlighted this deal as one of the largest external fundraises by a padel operator in the UK. This reflects both the team’s strength and the sector’s potential.
Community Impact
Kopciowski stated, “We are very excited to be partnering with Praetura. Their expertise will bolster our strong board and management team.”
Market Potential of Padel
The investment from NPIF II-Praetura Equity Finance is crucial for the sport’s growth in the UK. The substantial financial backing will help the Padel Club to rapidly scale its operations and reach new communities.
Future Outlook
The fund offers loans from £25,000 to £2m and equity investments up to £5m. This flexibility allows businesses like the Padel Club to scale up effectively.
Leadership and Expertise
Kopciowski remarked, “This investment will help us supercharge our growth. It will enable us to capitalise on the strong pipeline of sites we have built.”
The Padel Club’s recent funding success underscores its potential to revolutionise the UK’s padel scene.
With strong financial backing and a clear vision for growth, the club is well-positioned for future success.