A bond issue set on behalf of leisure operator GLL (Greenwich Leisure Limited) has reached its £5m target.

The new investment will help GLL to expand its reach and develop and improve its existing facilities - such as the ongoing restoration and expansion of the historic Charlton Lido and Lifestyle Club in London.

Investors in the bond were split evenly between retail (54 per cent) and institutional investors (46 per cent) with support from the City of London Corporation Social Investment Fund, Rathbone Ethical Bond Fund and the Bank Workers Charity. The bond issue was handled on behalf of GLL by Netherlands-based Triodos bank.

GLL managing director Mark Sesnan said: "The funding will help us to continue our social mission – providing access to quality community leisure and fitness facilities at a price everyone can afford – while offering investors a decent return and the chance make a social impact."