The funding from investors Gresham House will support the nursery group’s plans to increase its sites from 20 to more than 80 by 2025, adding more than 5,000 childcare places and employing an additional 3,000 staff.
This is Gresham House’s first investment in the education sector via its second sustainability flagship fund – the British Sustainable Infrastructure Fund II (BSIF II). The move makes the investor NFC’s largest minority shareholder.
NFC’s goal is to replace the reported 16,000 childcare places lost over the past five years, while providing extended opening hours to enable parents to return or remain at work.
As previously reported by Nursery World, other plans of the nursery group include providing an additional five free childcare places to children whose parents are unable to afford nursery fees every year, which Gresham House has committed to support.
Register now to continue reading
Thank you for visiting Nursery World and making use of our archive of more than 35,000 expert features, subject guides, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's included
-
Free access to 4 subscriber-only articles per month
-
Unlimited access to news and opinion
-
Email newsletter providing activity ideas, best practice and breaking news
Already have an account? Sign in here
