In the next six months the retailer will open five new stores, and plans to have a total of 30 by 2011.
The Sheffield-based company will invest£5m in the first three openings of the year, creating more than 150 jobs as it opens in west yorkshire, the north east and the south east.
The retailer secured an£18m refinancing package with Bank of Scotland Corporate in spring 2008.
Go Outdoors managing director John Graham said: “We have big plans for Go Outdoors. The refinancing agreement means we can now pursue a rapid controlled expansion plan.
“Go Outdoors actively seeks low-rent off-pitch locations and the money we save is passed on to our customers.”
Go Outdoors will operate 14 stores by the end of June 2009.
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