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Banks willing to fund nurseries' plans to grow

Nursery groups appear to be benefiting from a rush of investment from banks to refinance and fuel expansion plans.

Child First Nurseries has secured a funding package and switched its business banking to HSBC to open a second nursery in Aylesbury at the end of the month. The group which runs six nurseries throughout the Midlands now has 700 children on its books and the new nursery will employ 20 people.

Part of the funding will be used to refurbish existing sites and install children's play furniture by specialist company Dragonswood.

Child First's director, Tom Shea said, 'We aim to create stimulating and creative nurseries where the child develops and learns through play and enjoyment. This funding will enable us to improve the quality of resource we offer, as well as expanding the number of nurseries in our portfolio.'

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