NAME OF ORGANISATION: Raised in Bristol
YEAR FOUNDED: 2016
ABOUT: Raised in Bristol is a social enterprise providing nursery care across four locations in Bristol
INVESTMENT PURPOSE: To open more nurseries supporting families across Bristol.
INVESTMENT AMOUNT: £250,000, £126,500
DATE OF INVESTMENT: November 2019, February 2021
SOURCE OF INVESTMENT: South West SITR Fund
IMPACT: Education & Learning, Health, Wellbeing & Social Care
ABOUT: Raised in Bristol is a social enterprise providing Ofsted regulated early years education and nursery care across four locations in Bristol. It aims to help children grow at their own pace by offering a personalised curriculum which serves to implement their key goals of empowering and nurturing children, and making education, regardless of economic background, accessible. This curriculum includes maths and literacy as well as expressive arts and design, communication and language and personal, social and emotional development.
One of Raised in Bristol’s key business focuses is to recycle profit locally, giving back to the Bristol community through paying rent on community-owned buildings and reinvesting profits back into the local community.
PURPOSE OF INVESTMENT: The purpose of the first investment (£250,000) from the South West SITR Fund was to enable Raised in Bristol to open its second and third nurseries in St Pauls (with 60 places for children aged 6 months to 5 years old) and Easton (with 62 places for children aged 6 months to 5 years old). These two locations opened in 2020 at the height of the pandemic when demand for childcare was higher than usual.
The second investment (£126,500) was used to fit out the premises of Raised in Bristol’s fourth nursery at a Southmead location (with 63 places for children aged 6 months to 5 years old). The investment will also be used to pay rent for the first few years and employees living wages.
Anne Malindine, CEO Raised in Bristol: “Raised in Bristol is very pleased to have secured a new loan from Resonance and especially for the additional grant that came with it! This will help us to emerge from the pandemic more resilient than would otherwise have been the case and to look to the future with the opening of our fourth nursery in Bristol during 2021. Resonance has made it possible for us to continue with our plans for growth and we really appreciate their confidence in our vision.”
Oliver Pollard, Head of Enterprise Growth at Resonance: “I am delighted that RiB has received a second investment from the South West SITR Fund. With an innovative business model focused on financial sustainability, it has been a pleasure to work with the team again, supporting them with growth opportunities – which also included an Access COVID-19 emergency grant - at just the right time.
Throughout the pandemic community spaces have been hit hard, however, RiB has successfully managed the ever-changing circumstances, even though they themselves have been significantly impacted by COVID-19. They have kept their nursery doors open, providing much-needed support for keyworkers and local communities, whilst continuing to grow and also meeting increased local need. The expansion of its nursery provision in the city also creates a sustainable way to address the issue of disappearing community assets.”
Resonance Limited is a company registered in England and Wales no. 04418625
Resonance Impact Investment Limited, a subsidiary of Resonance Limited, is authorized and regulated by the Financial Conduct Authority (FCA). Firm number 588462.
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