A family-run nursery in Christchurch is the latest business to benefit from the Coronavirus Business Interruption Loans Scheme via delivery partner SWIG Finance.
Twynham House Nursery School received the £100k CBILS loan, backed by Triodos Bank, to help ensure they can continue providing essential childcare for their local community, as well as fulfil their growth plans. The loan has already helped to safeguard 14 full-time jobs.
The business is very much a family venture led by brother-and-sister Nikhil and Esha Kapila, whose parents Paul and Renu established their first successful nursery in a primary school annex in 1991. Nikhil and Esha are both qualified teachers with experience of working within a diverse range of education sectors, including state and private schools, as well as special needs schools.
Having spent much of their younger years at their parents’ nursery, they are perfectly positioned to spearhead the business.
Looking to the future, Nikhil and Esha plan to further develop a network of nurseries. A key part of this plan will be to ensure that their ‘one-of-a-kind’ appeal is translated into each nursery.
Of the funding, one of the owners Esha Kapila commented “our experience using SWIG Finance was fantastic. Our business manager, Jordan, provided a high level of communication throughout the process, and he supported us with completing our documents as well”.
SWIG’s business manager, Jordan Berg, said “it was a real pleasure to support this family-led business. It is clear that the Kapilas have a genuine passion for providing early-years education and their services have been invaluable to their community during these challenging times”.
Matt Boggan, senior relationship manager at Triodos Bank UK, who provided a loan to SWIG to support funding such as this, added: “We’re proud to be supporting SWIG, alongside another likeminded organisations. Its aim to make finance more accessible and inclusive aligns closely with our own values, and we look forward to hearing more about the impact that SMEs like Twynham House Nursery have in the South West.”
About SWIG Finance
SWIG Finance is the South West’s leading Community Development Financial Institution. We are passionate about bringing social and economic benefits to people and places in the South West.
We do this by providing support and finance to Startups and growing SMEs that can create and secure employment opportunities.
As the South West’s leading delivery partner for Start Up Loans UK, we can provide startup loans from £500 – £25,000. For more information visit https://www.swigfinance.co.uk/start-up-loans/
We also have loans from £10,000 to £250,000 available to South West SMEs who cannot access sufficient funding from their bank https://www.swigfinance.co.uk/funds-available/
For an informal discussion about your funding requirements, get in touch with our friendly and professional team to find out how we can help: [email protected] / 01872 227 932.