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Newcastle boutique gym secures funding to open Ponteland site

Matt-Elliott
Matt Elliott
Wedi ei gyhoeddi:
PhysiquePro

Newcastle-based boutique gym operator PhysiquePro has secured a six-figure investment from the North East Elevate Fund which is managed by FW Capital to assist the opening of a new gym in Ponteland. 

PhysiquePro has created a North East luxury health and wellness brand after opening its first gym in August 2024 at Bakers Yard Gosforth which was followed by Great Park in December 2025. The expansion into Ponteland marks the firm’s third gym in the Newcastle area following on from the success of the first two locations.

The investment to assist the new gym comes via the Elevate Fund, which is part of the North East Mayor Kim McGuinness’ £100m regional investment framework administered by The North East Fund. Along with both the North East Accelerate and North East Spinout Inspire funds, it aims to strengthen access to early-stage finance for start up, scale up and growing companies in North East England, and tackle long-standing market failures that have hampered innovation-led growth in the region. The loan will help to fund the fit-out and  launch of the Ponteland gym. 

Ryan Bolton Director at PhysiquePro said: “We’re excited to bring the PhysiquePro gym to the affluent area of Ponteland with the official opening set for 17th August. It’s been designed for those who demand the best in every aspect of their lives, offering an unparalleled luxury fitness experience.   We’re especially excited to debut our exclusive, four-person group classes as part of a packed schedule of 40 weekly workouts. A massive thank you to  FW Capital whose instrumental support has enabled us to execute a flawless fit-out and gear up for an unforgettable launch."

Matt Elliott, Senior Investment Executive at FW Capital said: “PhysiquePro has successfully created a premium boutique gym experience and it’s fantastic to work with them as they embark on this exciting next chapter. The boutique fitness sector is evolving rapidly, and PhysiquePro stands out for its exceptional brand loyalty, premium offering, and clear vision.”

To find about more about the North East Fund and its Elevate and Accelerate Funds, visit https://www.northeastfund.org/