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£6 million loan to expand firm across Europe

Globe - New funding to open 18 new parks across the UK and Europe by 2021 - SantanderCB

AirHop Ltd, the company behind the world's largest indoor trampoline park, has landed a £6m business loan from Santander. The Bristol-based firm, which has 140 interconnected trampolines at its site on the Patchway trading estate, will use the new funding to open 18 new parks across the UK and Europe by 2021, boosting its annual turnover from £5m to more than £40m. AirHop managing director Darren Hughes said: 'The confidence shown by the Santander team in the brand and its international growth potential, along with the flexibility of its Growth Capital financing product, was the critical factor in our choice of funding partner and we are very pleased to have found a bank that shares our vision'. Peter Abel, growth capital director for Santander, said: 'We're delighted to have been able to provide a flexible funding solution that will support the rollout plans for AirHop across the UK and Europe.'

 

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