Social Finance has raised £1.7m loan financing for 4Children, the leading national not-for-profit operator of children’s centres and nurseries. £1m has been provided by HSBC bank and a further £700,000 has come from the FSE Group Social Impact Accelerator Fund to fund the growth of 4Children’s activities across the UK.
4Children is one of the UK’s largest children’s charities generating nearly £30m per year in revenue from its trading operations. With a national network of over 150 settings across the country, it supports more than 100,000 families in some of the most disadvantaged communities through its children centres, nurseries and out of school clubs.
With the investment announced today, 4Children hopes to open and manage at least 50 new children’s centres and nurseries over the next three years, offering affordable nursery places and free children’s services to more than 15,000 new families each year. The surplus generated from the trading operations financed through the loan will be reinvested into 4Children’s charitable policy and campaigning work.
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