Management hope that the bespoke Kiddicare Parkway development will create 40 new jobs for the firm once the site is fully operational. Construction is already underway and the final move across is scheduled to take place around autumn 2007.
Funded through the Peterborough offices of The Royal Bank of Scotland’s Corporate team, the new 160,000 sq ft development will be situated on a six-acre site at Hampton in Peterborough.
It will house a retail showroom, restaurant and coffee shop and a new warehouse holding stock for immediate dispatch including; baby, nursery equipment, toys, car seats, safety products and clothes.
A family run business, Kiddicare was established in 1974 and is now the largest privately owned nursery supplier to the public in the United Kingdom.
The company is the UK’s leading online retailer and currently employs 120 people locally and numbers are set to increase as a direct result of the move to larger premises.
Company founder, Marilyn Wright, said: “We are obviously both pleased and excited to be moving to new premises. The move will allow us to hold in excess of £9 million worth of stock and with the new capacity in place we can begin to build on our expansion plans.
“Martyn Dawson of The Royal Bank of Scotland has listened to our requirements and helped deliver a very flexible funding package we can look to utilise over the coming months and years.”
Martyn Dawson, director of Mid Corporate Markets at RBS, said: “Kiddicare.com is the UK’s leading online supplier of baby products and accessories.
“The company is extremely well regarded here locally in Peterborough building a fantastic reputation over the last 32 years and with a massive UK customer base online for eight years. We are pleased to be able to contribute to their continued growth.”