The owners of Penrhiw Nursery are to open a second nursery in Caerphilly in South Wales.
Rachel and Jason Thompson Williams own and run Penrhiw Nursery in Oakdale, Gwent. They are now opening a new nursery in nearby Abercarn in Caerphilly.
The new nursery will initially be registered for 55 children.
Finance broker, Sterling Capital Reserve Ltd, helped the couple secure funds to open their second nursery.
To fund the fitting out of the new nursery, a remortgage of the existing freehold nursery was obtained by Sterling Capital Reserve Ltd, through a specialist lender.
Mrs Thompson Williams said: “The professional knowledge and assistance of Sterling Capital Reserve has been invaluable to us as expanding nursery providers. We have gained expert advice and solutions to a growing problem of raising finances in the current economic climate.”