The Early Learning Partnership, which operates five nurseries across South Shields with another setting due to open in September, faced cashflow issues and experienced a significant fall in revenue as a result of the pandemic. It closed its doors in March and furloughed all but a handful of its 110 staff needed to continue communications with parents and carers.
Managing director Eammon Gribben told Nursery World, ‘Up until the loan was released, which was last week, we have paid 40 percent of staff wages and the Government’s furlough scheme paid 60 percent, meaning that each member of staff could continue to take home 80 percent of their salary. But now, thanks to the loan through my banking partner, Lloyds Bank, we will open four settings on 1 June and will be able to pay core staff full wages.’
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