Derbyshire care home group set for UK expansion
Derbyshire-headquartered Heathcotes Group, the specialist residential care providers for adults with learning disabilities and mental health, is set to expand throughout the UK after landing a syndicated loan from HSBC and Yorkshire Bank.
Heathcotes focuses on providing living environments that closely resemble typical family homes, with the overall aim for residents to progress and move on to more independent living.
The funding was arranged by relationship directors Philip Carr and Graham Brown of HSBC and Jamie Stuart of Yorkshire Bank.
Heathcotes will now expand in Birmingham and the south of England, an area it entered in 2016 via the acquisition of two established care home providers. The business says it is also looking at new regions across the UK.
David Harrison, CEO at the Heathcotes Group, said: “Our business model is focused on responding to specific requirements for residential living environments, working closely with local authorities. We often have to work quickly to provide a new service and so the flexible support from HSBC and Yorkshire Bank’s is essential.”
Roger Pratt, HSBC area director for corporate banking in the East Midlands, said: “We’re thrilled to be able to support Heathcotes and enable them to provide additional living arrangements for those with bespoke needs. The business has a strong reputation for providing community-based living that acts as a stepping stone for residents to more independent living. We look forward to working with Heathcotes as they look to bring more services to the rest of the UK and provide much needed living arrangements in the community.”
Jamie Stuart, senior director at Yorkshire Bank in Birmingham, said: “We are delighted to continue our support for David and his team. Heathcotes has an excellent reputation for providing much needed care in the community and we are honoured to play our part in its growth”.
The Heathcotes Group says it will launch two further specialist services in the next two months.
