- Type of finance
- Business need
Growing a business
“We feel fortunate to be able to grow our business with the opening of our two new sites during the Covid-19 pandemic thanks to the support of the Development Bank of Wales. We seek to provide all children in our care with a varied and balanced learning programme. Our approach has proved extremely popular and, after working closely with our portfolio executive at the Development Bank it became clear that 2020 was the year for us to expand our Green Giraffe family with the opening of two new nurseries.”
The Green Giraffe Day Nursery in Cardiff doubled the number of nurseries it runs in the 2020/21 financial year thanks to a follow-on loan from the Development Bank. The popular childcare company which already had two nurseries in Cardiff, has opened an additional two.
As an existing customer of the Development Bank, the business received a £100,000 follow-on loan to meet growing demand for their services. The new daycare settings are based at the Parade in Roath and Radnor Road in Canton. They join the two original nurseries in Cardiff Bay and Cathedral Road.
Green Giraffe offers fully organic food to all children attending and uses a blend of Montessori methods combined with the Early Years Foundation Stage to support a learning-through-play environment. The nursery offers childcare services from birth to six years old.
Funding for the deal came from the Wales Business Fund, part-funded by the European Regional Development Fund through the Welsh Government.