Fitness start-up FITSQD shows its business strength despite the pandemic

Greg Gardner, from Chichester, founded FITSQD, a free app that allows people to upload and share their workouts in an effort to motivate and inspire others.

He initially geared the app toward use in gyms, but as lockdown hit, he transformed his business plan when he spotted the move to home workouts.

The business saw impressive growth as a result and he says he is now prepared for whatever restrictions Covid-19 brings.

Greg said: ‘With a business plan originally based on physical exercise in communal spaces, I never imagined that we could have so much success during a pandemic that forced everyone inside their own homes.

‘I’ve learnt the importance of thinking on my feet, rather than sticking doggedly to your original idea.’

Greg received help from the British Business Bank’s Start Up Loans programme.

This programme has seen a significant rise in loans issued since the start of the pandemic, showing that, despite significant economic challenges and disrupted business plans, UK start ups continue to launch.

In fact, the programme’s government-backed low interest loans of up to £25,000 are being drawn down at a faster rate than ever before.

From May to July this year, Start Up Loans issued £31.9m in funding, compared to £22.9m on in the same period the previous year, an increase of more than 39 per cent. As lockdown restrictions changed, July 2020 even saw the record month for drawdowns since 2014.

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Richard Bearman, managing director of Start Up Loans, said: ‘I am in awe at the determination and creativity of small business owners across the UK, who have not only survived Covid-19 thus far, but have actively capitalised on the new trends it has created by always staying one step ahead.

‘Now more than ever, the role of these start ups in supporting the British economy cannot be underestimated, and we will continue to support entrepreneurs to achieve their ambitions, whatever their background.’

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