Youth Sports Training Trip Body Raises Pounds 'M; FINANCE WALES INVESTS IN 'LEADER'S'DEBT AND EQUITY
Byline: SION BARRY
A CARDIFF company which organises trips for youngsters to train at some of Europe's leading football and rugby clubs has received fresh investment.
International Sports Tours, which trades as Inspiresport, has secured pounds 500,000 followon debt and equity investment from Finance Wales to support the company's growth as one of Europe's main youth sport development companies.
Finance Wales has previously provided start-up and development capital funding to the business totalling pounds 50,000.
Inspiresport, which operates team sports development programmes with football clubs throughout the UK and Europe, including Chelsea, Real Madrid, AC Milan, Valencia, Liverpool and Fulham, is doubling its sales team, developing new IT systems and has become ATOL-registered as part of the expansion.
Managing director Tom Shorey said: "The latest funding round provides the growth capital needed to take the business forward after significant expansion throughout Europe.
"We now have significant agreements and relationships in place with most of the top European football clubs and we're seeing more and more schools and sports groups come to us for their development programmes because they recognise that we have the skill and expertise to deliver.
"We have worked closely with Finance Wales since we established the business and it made sense to continue that relationship through our next stage of growth."
Inspiresport works with groups to tailor individual sport development programmes, including travel and accommodation at key sporting clubs and destinations.
It works with the fulltime professional training staff from the clubs involved, with the majority of the development courses undertaken by these key staff. …