Clydesdale and Yorkshire Banks have underlined their commitment to the care sector with millions of pounds of funding for leading care businesses.
Safehands Corporation, a group of care companies which offer a variety of services, from domiciliary care and children’s day nurseries to running a specialist hotel in Blackpool for the disabled and their carers, received a £1.6million funding package from Yorkshire Bank’s Business and Private Banking Centre in Preston to help develop the businesses further.
Country Court Care, an East Midlands based provider of elderly care services, received seven-figure funding from Clydesdale Bank, Birmingham to assist with the purchase of Summer Lane Care Home in Weston-super-Mare.
Derek Breingan, (above) Clydesdale and Yorkshire Bank’s head of healthcare, said: “We welcome the opportunity to help Safehands Corporation and Country Court Care, two well-respected operators, to expand their services.
“The importance of the care sector to the UK economy cannot be underestimated. With an ageing population care services will only increase in the years ahead and the sector will need to ensure standards are maintained while managing expansion plans.”
Among the services that Safehands plans to develop is Safehands Extra Care, an independent living community located in Warton, offering tailored 24-hour support to four residents. Safehands intends to expand the model to further sites in Blackpool and other areas of Lancashire.
The funding will also enable the group, which has a turnover of about £6.5 million and employs more than 350 staff, to invest in its growing nursery chain.
Founded 30 years ago, Country Court Care, based at Market Deeping, Peterborough, provides a range of services, from residential care to respite and domiciliary care. Following its latest acquisition, the group now operates 12 residential care homes across East Midlands, the East of England and Yorkshire.
The business has a turnover of about £15 million and employs more than 500 staff.