Freeklime reaches new heights with funding

A Yorkshire-based indoor climbing company is scaling up its operations after securing investment to open a third site.

Freeklime has received a £150,000 loan from NPIF II – Mercia Debt Finance, part of the Northern Powerhouse Investment Fund II, to support the launch of a new centre in Lincoln. 

Founded by father-and-son duo Chris and Rob Whitehead, Freeklime already operates popular venues in Huddersfield and York, which attract around 100,000 visitors annually and have more than 1000 members.

The company, which employs 16 people, specialises in bouldering – a rope-free form of climbing focused on short, powerful movements and problem-solving.

Chris says the funding will help complete the site’s fit-out and create seven new jobs when it opens early next year.

He adds that the company plans to grow to five profitable sites by 2030, expand beyond Yorkshire and reach a £3 million turnover.

Chris said: “Bouldering is a very inclusive sport that offers fitness and mental health benefits. 

“It is suitable for people of all ages and abilities and a great way to spend time with family and friends. 

“Our centres have a real community feel and we try hard to make new climbers feel welcome. 

“The funding will enable us to expand outside Yorkshire for the first time in line with our long-term growth plans and our mission to make climbing accessible to a wider audience.”

Andy Clough of Mercia Debt added: “Chris is an enthusiastic climber who understands what makes a great climbing centre. 

“The business has been growing turnover year on year. 

“We are pleased to support the team with the launch of this new centre and help establish Freeklime as a leading regional independent.”

The £660 million Northern Powerhouse Investment Fund II (NPIF II) fund, operated by British Business Bank, provides loans from £25,000 to £2 million and equity investment up to £5 million to help small and medium-sized businesses.

Lizzy Upton, senior investment manager at British Business Bank, added: “Now on its third site, Freeklime’s growth reflects the strength of Northern entrepreneurship. 

“The business is creating community-driven spaces, generating new jobs and contributing to vibrant local economies. 

“By improving access to finance, NPIF II is helping ambitious businesses like Freeklime take the next step and unlock new opportunities.”

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