Nursery boost thanks to Funding for Lending Scheme
Parents in a Dorset town will gain access to 40 new nursery places following agreement of a funding deal by NatWest. The Sturminster Nursery, in Dorset, south west England, has been bought by the Tops Day Nursery group with a loan through the government’s Funding for Lending Scheme.
21 August 2013
The nursery, to be renamed the Tops Sturminster Newton, is being extended to increase the number of places from 35 to 75, including babies from the age of three months. The nursery will be extended into the former living accommodation and the garden will be redesigned to provide more than double the previous amount of space for the children.
Cheryl Hadland, director Tops Day Nursery, said: “We are delighted to expand into north Dorset and take over this nursery which has provided a loving, caring and nurturing setting for hundreds of local children.Tops Day Nurseries now has 15 nurseries across the south of England, and the company brings with it a tried and tested formula for running a very successful and compassionate childcare service.
“NatWest has been very helpful and understands the nature of the business and our wish to expand without overextending ourselves.”
Martin Cypher, Senior Relationship Manager at NatWest, who worked with Tops Day Nursery group on the loan, said: “We’re delighted to have been able to support Tops Day Nurseries’ latest expansion plans and secure the future of the Sturminster Newton nursery.”
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