Low-cost health club operator Pure Gym has confirmed plans to open 24 new sites across the UK over the next two years, following a £10m investment in the company.

A successful fundraising effort by Magenta Partners - led by principal investor and retail entrepreneur Tom Singh - will allow the operator to add to its existing five sites. Pure Gym, which currently runs clubs in Sheffield; Manchester; Leeds; Edinburgh and Wolverhampton, offers monthly memberships starting at £9.99 and provides 24 hour access to its sites, seven days a week.

Two new clubs - Birmingham and Glasgow - are set to open shortly, while a further six sites are in the pipeline, with Aberdeen, Belfast and Derby among prospective Pure Gym locations. Pure Gym chief executive Peter Roberts said: "We saw a big gap in the market for people that wanted to work out in a no frills environment without sacrificing the quality of the equipment they use.

"To date our gyms have filled their memberships very successfully and we believe the time is right to roll this out across the UK."