Red Engine, the parent company of Flight Club and Electric Shuffle, has secured a £10 million lending facility to accelerate its growth across the UK and international markets.
This latest funding brings the total raised over the past 18 months to £70 million. This supports Red Engine’s continued site expansion and capital investment programme.
It has been reported that Red Engine is targeting the opening of 84 venues globally by the end of 2030.
The new £10 million financing facility is being provided by Santander UK, HSBC UK, and Barclays UK Corporate Bank.
Ross Shepley-Smith, CFO at Red Engine, said: “Flight Club and Electric Shuffle have always been about bringing people together for incredible experiences. This investment allows us to continue our growth, open more venues, and keep innovating for our guests. We’re excited to work with our three banking partners as we take the next step in our journey.”
Luke McSorley, senior relationship director at Santander Corporate and Commercial Banking, added: “We are pleased to have provided further support to Red Engine, as it continues the expansion of both its Flight Club and Electric Shuffle brands. The business has gone from strength to strength and has positioned itself as a leader in the competitive socialising sector. We’re thrilled to be working with the team once again as they enter the next chapter of their growth story.”
Red Engine launched its first Flight Club in London’s Shoreditch in 2015, followed by the debut of Electric Shuffle in Canary Wharf in 2019. Today, the company operates 28 Flight Clubs and nine Electric Shuffles worldwide.
Its portfolio includes a mix of owner-operated venues and partner-operated sites, managed in collaboration with State of Play Hospitality — which runs Flight Club across North America — and Night Owl, which operates Flight Club venues in Australia.
