Leisure company Jackie Skelly Fitness will create 100 jobs as it expands its network of gyms across the country.
Jackie Skelly will open fitness centres in Navan, Co Meath, Greystones, Co Wicklow and Ballsbridge, Dublin 4 by September 2006 at a cost of €10 million.
The latest expansion plan was announced at the official opening of the newly refurbished €3.5 million flagship Jackie Skelly Fitness on Dublin's Clarendon Street.
According to Mark Tooke, Director of Jackie Skelly Fitness, fitness market in Ireland is still at a very developmental stage but has evolved considerably in recent years.
Since 2003 the company has opened centres in Park West Business Campus, Swords, and Ashbourne in Co Meath.
In 2002 Jackie Skelly Fitness became the first Irish Fitness Company to secure venture capital funding. The company raised an investment package of over €5 million to expand its business.
The fund raising was led at the time by ICC Venture Capital (now Bank of Scotland Ireland) and the Guinness Ireland Ulster Bank Equity Fund, which is managed by NCB Ventures.