The backing of British Padel, one of the fastest growing sports in the UK, by a pioneering challenger bank has been shortly followed by the sport being officially integrated into the Lawn Tennis Association (LTA).
Redwood Bank recently announced its support of British Padel, as part of the ongoing development of the fast-paced racquet sport, which the LTA will now promote as part of the five-year plan to grow the game.
Padel, which is growing rapidly all over Europe, is played on an enclosed court about a third of the size of the tennis court. The rules are the same as tennis, played with the same balls, although serving is under-hand and the walls are used as part of the game.
Chief Executive and Co-Founder of Redwood Bank, Gary Wilkinson, said: "We pride ourselves on being a pioneering bank and that is why we have aligned ourselves with, and given our full backing to, British Padel. It's a rapidly growing sport which is making a real impact - so the synergy with Redwood is perfect.
"We are thrilled to see the LTA officially bring padel into the tennis family and this partnership can take the sport to the next level. We're delighted to have helped the sport thus far, and we look forward to continuing to give our full support in what promises to be an exciting future for everyone involved in British Padel."
Redwood Bank's financial support has helped enthusiasts to be able to compete in the Redwood Bank National Club League 2019 and The Redwood Bank British Open 2019.
The LTA sees many advantages to incorporating padel into its operations, as it has helped many other European federations to recruit and retain people of all ages into tennis. Superstars Rafael Nadal, Novak Djokovic, and Andy Murray are all known to play padel.
Tom Murray, founder of British Padel, will assume a new role within LTA as Head of Padel and said: "I'm excited to be working with the LTA and look forward to embarking on this exciting project. This is a big step for padel, which will lead to new opportunities for tennis and squash clubs, leisure facilities, players, coaches, and entrepreneurs throughout the UK."
The LTA plans to build three padel courts during 2019/20, to add to the number of existing courts at the National Tennis Centre in Roehampton.
LTA Chief Executive Scott Lloyd said: "We are delighted to bring British Padel into the LTA family. We want to open tennis up to as many people across the country as we can and a key element of our strategy to do this is to introduce innovative formats of the game which will help to retain existing players and create a simpler route for new players into our sport."
Redwood Bank was launched in August 2017 and provides individually assessed mortgages for business owners and professional landlords, as well as a range of Best Buy savings accounts, which are offered to charities, clubs and associations as well as businesses.
For further information, visit www.redwoodbank.co.uk
Notes to editors
For further details contact Laura Pearce at Strand PR on email@example.com or 01763 274674 / 07903 106405.
Redwood Bank was launched in August 2017, becoming Britain’s newest business bank for SMEs and completing its ‘mobilisation’ phase just over four months after securing its initial banking licence in April 2017. Redwood Bank offers secured SME mortgages for business owners, as well as for experienced commercial and residential property investors. It delivers fast and efficient mortgage decisions to help their business customers seize property opportunities, and also offers competitive business savings accounts. Redwood Bank was founded by Jonathan Rowland and Gary Wilkinson. It has a unique private-public ownership structure, in which Warrington Borough Council has a one-third stake.