In May, the social enterprise, which operates 39 settings in London, launched a seven-year charity bond with a target of £1.5m to help it achieve its plans of doubling its number of sites.
Six months on, LEYFS has reached its target through the charity bond, which is promoted by Triodos Bank’s crowdfunding platform, to help it deliver on its first-year strategy. Since launching the charity bond, the social enterprise has expanded capacity in its existing Barking Riverside nursery and will be opening its first ever purpose-built setting in Thames Reach in early 2023.
The social enterprise says it has a number of other nurseries currently in the ‘due diligence phase with further opportunities in pipeline’.
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