Red Engine Secures £10m Funding
Red Engine, operator of Flight Club and Electric Shuffle, has secured an additional £10m lending facility from Santander, HSBC, and Barclays, bringing total funding to £70m.
The investment will support new site openings and capital projects as the group continues its UK and international growth.
- The financing from Santander UK, HSBC UK, and Barclays UK Corporate Bank will support Red Engine's site rollout and capital investment programme.
- Next month, the group will open its 15th Flight Club in the UK, at Eldon Square in Newcastle.
The latest location takes Red Engine to a 38-strong estate, with semi-private oches and plenty of seating options and an outdoor terrace.
Author's summary: Red Engine secures £10m funding for expansion.