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Growing nursery group buys 10th site

Management Business
ICP Nurseries has acquired its tenth nursery in east London.

Montessori on the Park is based in a converted church on the edge of Victoria Park and provides 76 childcare places.

The rapidly expanding group has settings in Berkshire, Buckinghamshire, Cambridgeshire and London and has a total capacity of 852 places.

In February last year, ICP Nurseries was awarded £8m in funding from OakNorth Bank - which provides business loans for entrepreneurs - to fund expansion for 20 to 25 sites.

The group was set up in 2016 by Tracey Storey, who has previously been a director at Leapfrog Day Nurseries and Happy Child. She co-owns the group with private equity firm Innervation Capital Partners.

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