Snap Fitness has strengthened its expansion strategy across the United Kingdom and Ireland after securing Lloyds Bank as an approved finance provider for its franchise network. The partnership allows franchisees to access up to 70 percent funding for new gym openings, refurbishments, and long-term investment projects, widening the path to ownership for aspiring operators while reinforcing confidence in the brand’s business model.
Lloyds Bank approved Snap Fitness following a detailed review of its operational structure, financial performance, and growth trajectory. The decision signals strong institutional confidence in the franchise’s ability to deliver consistent results in a competitive health and wellness market. Snap Fitness has continued to post stable club-level performance, supported by a centralized system that prioritizes operational discipline, marketing strength, and franchisee support.
Rene Swart, Director of Finance at Snap Fitness EMEA, worked closely with Lloyds Bank’s franchising team to formalize the partnership. Kevin Yates, Chief Executive Officer of Snap Fitness EMEA, described the approval as an important endorsement that enhances the brand’s funding proposition and offers franchisees greater certainty as they plan future investments. He noted that access to high-quality financing is essential to sustaining long-term franchise growth.
Suki Dehal, Head of Franchising at Lloyds Bank, said Snap Fitness demonstrated a resilient and well-structured franchise model built around franchisee success and disciplined expansion. He added that the partnership reflects the bank’s commitment to supporting scalable brands that contribute positively to local communities while meeting rising consumer demand for accessible fitness services.
Snap Fitness currently operates 109 clubs across the United Kingdom and Ireland and plans to open up to 20 new locations within the next year. With enhanced access to funding and continued demand for community-focused gyms, the brand enters its next phase of growth, positioned to expand responsibly while offering new opportunities for franchise entrepreneurs seeking to invest in the fitness sector.
