One of the UK’s largest nursery groups has received £1.5m worth of investment funding to expand its business, but growth could be stalled by Government policies to increase the free entitlement to 30 hours a week and the introduction of an apprenticeship levy, the organisation’s chief executive has warned.
London Early Years Foundation (LEYF), a charitable social enterprise that provides childcare to 3,500 children in 36 community nurseries across nine London boroughs, announced last week that it had received a second stage of acquisition financing worth £1.5m from leading social impact investors Big Issue Invest and Bridges Ventures Social Entrepreneurs Fund. The latest instalment forms part of a £2.75m financing package from the two investors.
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