Oomph! is improving the quality of life of older people in care homes and communities across the UK by offering exercise classes and days out.
Key information
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Focus area
Impact venture -
Investment type
Enterprise equity -
Region
UK wide -
Investment amount
£200,000
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Challenge
Regular exercise can improve the quality of life of older adults, yet it remains an unmet need for many of the 400,000 older people that live in care homes across the UK.
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Approach
Oomph! provides care home staff with the skills, training and props they need to deliver group-based exercises including chair cheerleading and sitting aerobics.
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Revenue model
Oomph! used a capital investment to scale up its activity in return for a stake in the company. The capital will be repaid through income from training services paid for by care homes.
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Impact
Oomph! exercise classes improve participants’ mobility, mental stimulation and encourage greater social interaction.
Related investments
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Impact venture
Learn moreNESTA Impact Investment Fund
Equity fund investing in innovative social ventures.
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Social outcomes
Learn moreCare and Wellbeing Fund
Fund investing in new models of care for those living with long-term conditions.
