A Welsh language nursery in Cardiff has been acquired in a deal backed with a six-figure lending facility from NatWest, BusinessLive has reported.
Si-lwli Nursery has been acquired by husband and wife team Graham and Charlotte Forrrester after they secured a £250,000 loan from NatWest to part-finance the acquisition.
Si-lwli, was established in 2003 and has a capacity for 51 children.
The Forresters have become directors of the nursery and have retained the team of 21 full and part-time staff.
Graham Forrester said: “When the opportunity arose to purchase Si-lwli, it was an easy decision for us, given our business and childcare experience, to take over ownership. Not only is Cardiff a growing city with increasing demand for childcare, but there are a limited number of Welsh medium nurseries like ours.
“With the Welsh Government’s vision for a million Welsh speakers by 2050, immersing children in the language at a young age is crucial.
Date published: 27 July 2020