Dorset-based Twynham House Nursery School has received further growth funding of £200k through SWIG Finance, with backing through the British Business Bank’s Recovery Loan Scheme.
The business began trading in 2021 at the start of the COVID pandemic and, despite a challenging start, has gone from strength to strength.
SWIG Finance first supported Twynham House in its early stages with a CBILS-backed loan.
The latest cash injection will help establish a second new nursery site.
The business is led by brother and sister team, Esha and Nikhil Kapila, both of whom are qualified teachers.
Co-owner Esha commented “It’s been a very busy and exciting two years for us at Twynham House! The nursery has grown significantly since its opening during COVID and is now full of colour and the sounds of happy children! We recently achieved our first Ofsted grading and are excited for our family to grow further with the opening of nursery number two later this year. All of this would have not been possible without the support from SWIG and their belief in our success.”
SWIG Business Manager Jordan Berg has supported the business throughout its growth journey. He said “Since day one, we have been impressed with the quality of the management team at Twynham House Nursery. It has been an honour to support them throughout their growth journey and watch as the business flourishes despite the adverse business conditions. As a lender, it was clear to us that the business had some enticing growth opportunities, and we are delighted to support them”.
About SWIG Finance
SWIG Finance is a non-profit company that supports viable South West businesses that can’t secure sufficient funding from their bank. By empowering underserved SMEs to overcome their financial barriers, we are working to create a more balanced financial ecosystem.
We’re growing every year. In 2021/22, we lent £10.8m to 502 businesses, helping to create and secure over 1,000 jobs and generate £32.3m. For more information visit https://www.swigfinance.co.uk/social-impact-report-2022/
If you’d like an informal chat about your funding requirements, get in touch with our friendly and professional team to see how we can help: info@swigfinance.co.uk / 01872 227 930.
Legal Notice: The Recovery Loan Scheme is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Visit http://www.british-business-bank.co.uk/recovery-loan-scheme