Nursery World - Nursery group launches crowdfunding bid

Nursery group Bertram is aiming to raise up to £3m through crowdfunding to drive its expansion plans.

The Bertram bond will be offered initially to parents and grandparents of children at the group’s 37 nurseries, who will be able to invest £500 or more.

The nursery group is using the crowdfunding platform Crowdcube. The money must be invested over a four-year minimum term and will pay out a fixed rate of return at 8 per cent, with a 5 per cent discount off all childcare fees at any Bertram nursery for the eldest child or grandchild of any bondholder. For example, this equates to a discount of £572 a year for a two-year-old child at the group’s Altrincham nursery on a full-time place. Investing £10,000 or more would lead to a discount of 10 per cent.

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