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Nursery owner's £3.3m backing to launch new nursery group

Management Business Provision
Sarah Steel, the founder and owner of the Old Station Nursery group is launching a new nursery venture with investment firm Downing LLP.

The  initial £3.3m funding will be used to launch nursery group Pilgrim Trading, with the first two sites planned to open in 2017.

The intention is that these nurseries will fund the group’s growth to ten settings in London and the South East over the next five years.

The management team includes directors with expertise in the care home sector.

The first 94-place nursery is due to open in spring 2017 on Twickenham High Street and is based on the ground floor of a new apartment building.

The second, also 94 places, will open in an old pump station in Brentford and will incorporate a new extension doubling the building’s size.

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