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Birmingham Post
Birmingham Post
Business
David Laister

£30m funding deal to springboard Gravity's growth in active leisure locations

Two pals from East Yorkshire who went from small seaside tourism ventures to founding international active entertainment giant Gravity have secured £30 million to push the business on.

An initial trampoline park operation was launched in 2014 by Harvey Jenkinson and Michael Harrison by indoor ski slope Xscape at Castleford. Now a £27 million turnover business - bringing a host of indoor leisure activities to 17 prime locations nationwide and franchises beyond - it has completed a finance deal to drive the bar even higher. Sculptor Real Estate, the property arm of New York Stock Exchange listed Sculptor Capital Management Inc, has invested.

Revenues of £50 million are now being eyed for 2024, with karting, mini-golf and bowling key offers.

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