Children’s residential care home provider to create jobs with property portfolio expansion

A children’s residential care home provider has received a £150,000 loan to open new homes and drive recruitment.

This latest funding package will support the opening of Prime Nurture Services’ (PNSL) first two homes as part of a plan to establish ten homes over the next three years.

PNSL’s first home, based in Mapperley, Nottingham, was opened in January and has already generated five jobs. The company will be actively recruiting for future home openings over the coming months and as it expands into Nottinghamshire and Derbyshire.

The business, which was founded by technology entrepreneurs Glyn Heath and Anthony Davy, provides care, accommodation and support for children aged eight to 18 with their personal development, health, wellbeing, education, and cultural needs.

Heath said: “PNSL came into existence to help alleviate the chronic shortage of high-quality residential children’s care currently experienced across the UK. By working with Maven, we can deliver on this mission from a solid financial footing. Creating the availability of new, genuinely therapeutic places will mean we will be able to offer a safe and supportive environment to as many vulnerable children as possible.”

Jonathan Lowe, investment director at Maven, said: “Anthony and Glyn have shown huge commitment to establishing PNSL in this sector, where compliance and regulations are rightly a high priority. More importantly, their team are equally committed to improving the lives of the young people and we at Maven are delighted to support them with the finance to grow.”