Nursery chain Kids Planet set to create 150 jobs with £10m BGF-backing
Family-owned business which cares for over 1,700 children plans to open five new nurseries across the North of England by 2018...
North-West children’s nursery group Kids Planet has secured £10m investment from the Business Growth Fund (BGF) as it looks to drive expansion.
Founded in 2008 by father-and-daughter team John Hoban and Clare Roberts, Kids Planet manages 17 nurseries and provides nursery care to around 1,700 children.
Its modern nursery chains, which are fitted with “facilities to structure learning and development activities”, hold 12 ‘Outstanding’ Ofsted ratings, with the remainder of its centres awaiting assessment.
It intends to use the new investment – its first outside of bank funding – to open five new nurseries over the next two years to accommodate for an additional 550 children. It says the expansion will create 150 new jobs.
As part of the deal, Mark McMenemy – who has experience in site roll-outs spanning Mothercare, Monsoon and WHSmith – has been appointed non-executive director.
Clare Roberts, co-founder and CEO of Kids Planet, said of the news:
“As a family business, it was important that we found the right investment partner: one that would provide long-term support and funding without taking control. BGF fits that bill, and we are delighted to be joining a number of impressive North West businesses to have secured their funding.”
The BGF’s Neil Inskip continued:
“We are investing in Kids Planet based on a strategy that has been highly effective, and we are pleased to be backing the future growth of the business.”