Loan boosts PURE Spa’s UK-wide expansion plan
Becky Woodhouse: expansion (pic: Terry Murden)
Health and beauty chain PURE Spa has received a £100,000 loan to fast-track the opening of more locations and develop a new product range.
The Edinburgh-based business has been backed by UMi Debt Finance Scotland through the Scottish Growth Scheme, supported by the European Regional Development Fund.
Loans range from £25,000 to £100,000 and can be used for a wide range of purposes including capital investment, exports, innovation and product development.
Alongside outlets in 17 more locations – more than double the current portfolio – PURE Spa owner Becky Woodhouse has introduced a new range of skincare. She is projecting £5m turnover this year.
Thomas Brock, UMi Debt Finance Scotland Fund Director, said: “PURE Spa is a strong brand that has already had some great successes across the UK.
“We are very happy to be able to support them with their ambitious growth plans to open further premises and develop sustainable, natural products. We are committed to offer an inclusive loan product and adding another female-led business to our portfolio makes us very proud.”