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3rd October 2022

Golf Simulator Company Lands an Ace with £50k of Growth Investment

A Lincoln-based golf simulator company, Virtually Golf, has secured £50k to further grow the business whilst safeguarding jobs and creating 2 new positions. The funding will be used for equipment and improving the dining experience.

Virtually Golf secured finance from First Enterprise - Enterprise Loans through British Business Bank’s Midlands Engine Investment Fund (MEIF) backed by the Recovery Loan Scheme.

Although the UK has seen a rise in golf participation, golf clubs have been closing for various reasons but mainly due to club memberships. Virtually Golf identified this gap in the market and offers a realistic golf experience using simulators for both the professional and amateur golfers as well as families and groups of friends looking for a fun experience.

Using the businesses unique simulator concept, the company provides an educational space for golfers to develop their skills and for non-golfers to be introduced to the game as well creating new and unique experiences beyond golf for friends and family.

Stephen Clark, Founder & Managing Director, Virtually Golf, said:

It was fantastic to open, invite Lincoln's residents to VG (Virtually Golf) to discuss and showcase this new concept with above 'PAR' experiences for golfers and non golfers. However, due to the above the business needed to adapt its business model.  

The loan has enabled us to focus on what we initially envisioned and create an elevated dinning experience around the technologically advanced golfing services we offer.  To bring in summer trade for friends and family through food, drink and fun!

I personally want to thank 'First Enterprise' for the service and help during the process. We even look forward to hosting an event together this summer.”

Matthew Wright, Investment Manager at First Enterprise – Enterprise Loans commented:

Stephen and Christina were fantastic to work with and have pinpointed a great gap in the market whilst coming up with an innovative solution for it. First Enterprise and I fully support this type of resourceful entrepreneurship.

Lewis Stringer, Senior Manager at British Business Bank Commented

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