Teather & greenwood Enterprise INvestment Scheme aims to build and operate day nurseries
Teather & Greenwood Investment Management has launched an Enterprise Investment Scheme (EIS) which will build and operate children's day nurseries. Childcare Corporation 5 plc will seek to raise in the region of £10m to be used to construct and administer around 10 new nurseries. The company's business plan also involves buying an existing nursery while suitable construction sites are found for the new nurseries to ensure the prompt commencement of EIS qualifying trade. To raise finance the company will issue 10 million ordinary shares at £1 per share. The minimum investment is £2,00...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
