The Northern Powerhouse Investment Fund II has taken its first step into Cheshire, joining a £3.8 million funding round for The Padel Club. This new partnership aims to accelerate the growth of the popular sport across the UK.
With backing from the Northern Powerhouse Investment Fund II, The Padel Club is poised to significantly expand its presence, introducing numerous courts to meet the rising demand for this burgeoning sport. The funding will bolster their expansion plans, ensuring the sport’s accessibility to more communities.
The £660 million Northern Powerhouse Investment Fund II has made its inaugural investment in a Cheshire business by participating in a £3.8 million funding initiative at The Padel Club. The club, founded by Kris Ball in 2020, capitalises on the growing popularity of padel in the UK, following successful trends observed overseas. Praetura Ventures manages the £1.5 million NPIF II investment as part of the wider Northern Powerhouse fund.
The club’s head of finance, Charlotte Kopciowski, highlighted that this investment aligns with their strategic goals, aiming to foster a strong community centred around the love of padel. Kopciowski expressed enthusiasm for the collaboration with Praetura, emphasising the value their expertise brings to the club’s management team.
Simon Cunnington, director at British Business Bank, applauded the initiative, recognising padel as one of Europe’s fastest-growing sports. He sees the fund’s role as pivotal in supporting expansion within the UK, highlighting the importance of such investments in achieving regional growth ambitions.
Kris Ball’s passion for padel is evident in his ambitious plans, aiming to establish a robust network of clubs that provide inclusive, community-driven environments for players of all levels.
This growth aligns with regional development goals, showcasing how sports investments can positively impact community dynamics, economic activity, and health outcomes.
The collaboration is more than just financial; it is a comprehensive strategy to integrate sport into more communities, supporting both economic and social objectives.
The Northern Powerhouse Investment Fund II’s investment marks a pivotal moment for The Padel Club, setting a precedent for future growth in the UK sports sector. With strategic funding and strong partnerships, The Padel Club is well-positioned to lead the expansion of padel across Britain.
