New care home group launches supported by Clydesdale Bank

Oakdale Care Group, a new care home operator, is developing a chain of state-of-the-art residential facilities that will create 180 new jobs after securing a £13 million funding package from Clydesdale Bank.

Buckinghamshire-based Oakdale aims to become a leading provider of elderly care facilities, with plans to deliver three new 66-bed residential care homes in the northern home counties region. Clydesdale Bank is supporting the development of two of the homes and is providing funding for the third upon completion.

The homes, which are being built by LNT Group, will provide a mixture of residential and dementia care. Each property will offer cinema and garden rooms, landscaped gardens, tea and coffee ‘shops’, beauty salon, full lifestyle activities and transport. All bedrooms incorporate full en-suite wet rooms, air conditioning and sprinkler systems to ensure the highest possible standards of both care and safety. Ground source heating and solar-panels will help the homes to be energy efficient.

Construction is due to start soon with completion scheduled for the autumn of 2017, creating 198 beds and 180 jobs in their local communities.

Oakdale Care Group has been founded by a small group of individual investor/directors who have significant experience in the sector. The Group aims to support the growing demand in the residential elderly care market.

In addition to the three homes, Oakdale is building a fourth care home in Sutton in Ashfield which is due to open April next year. The Group hopes to create a chain of 10 care homes offering over 600 beds, over the next few years.

Chris Babington, FD of Oakdale said: “I’m enormously proud of the high specification homes we are developing with LNT and support from Clydesdale Bank, and in turn the quality services we will be delivering to elderly patients in the home counties region.”

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