Low-cost health club operator The Gym Group (TGG) has opened its third site in St Georges Wharf in Vauxhall, London.

Facilities include a 170-station gym supplied by Matrix and the club is open 24 hours a day, seven days a week, offering a flat membership rate of £14.99 per month with no contracts.

TGG is headed by John Treharne - former boss of Dragons Health Clubs - and financed by Bridges Ventures.

Bridges Ventures, a venture capital company, invested in The Gym as part of its social mission to support facilities in under privileged areas in the UK and to enable large portions of the local community to enjoy the benefits of a low cost gym membership.

Further clubs are planned in Liverpool and Manchester. TGG already operates clubs in Hounslow and Guildford.

John Treharne, CEO, said: "We are excited to open our first central London location in Vauxhall and are extremely pleased with the response so far. We now look forward to bringing affordable gym facilities to other locations around the UK, starting with Manchester and Liverpool this autumn".