Mark White of Robert Owen Community Banking and (standing) Amy Parrotte and Maria King of Pitter Patter
Pitter Patter day nursery has received a total of £20,000 from Robert Owen Community Banking to help it expand and take on staff.
The nursery, based in Llanidloes in Powys, was founded by entrepreneur Amy Parrotte five years ago and has since grown to employ 15 people and care for 50 children.
Amy dreamed of working with children but struggled to get financial backing to start her business until she came across ethical lender Robert Owen Community Banking.
The lender, based in Newtown, provides a range of loans including Small Business Development Loans of up to £50,000 for businesses such as Pitter Patter which have been running for two years and want to scale up.
The not-for-profit organisation sources the funds locally and reinvests in the community, offering ongoing support and flexibility.
Amy said: “There is no way I would have got the nursery up and running without the help of the people at Robert Owen.
“I had no money to set up the business although I had a good idea of what I wanted to achieve and the kind of nursery I wanted to offer parents in a town where at the time there was no help.”
Robert Owen Community Banking recognised her potential and over the next few years it has loaned Pitter Patter £20,000 in total, supporting it at crucial moments in its growth.
Mark White, chief executive officer with Robert Owen, said Amy was just the kind of client they wanted to help. He said: “Amy is absolutely right at the heart of what our lending should be about. It’s a community-based business, but very much a business.
“Amy is a tremendous young entrepreneur with a firm grip on everything that is going on in her business and she inspires confidence.”
Alongside the 15 full and part-time employees at the nursery, Amy is also offering apprenticeships to grow local talent.
Amy is already looking towards further growth, she would like to be able to buy the Pitter Patter building - currently rented from Powys council and be able to offer more daycare for children aged up to 12.
And if that happens as Amy plans she could be knocking on Robert Owen’s door once more.
Mark said: “Without question, we would aim to support Amy if she identifies suitable opportunities.
"We would love to help Amy with any plans she might have to expand.”
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement