Nottingham firm to create 600 jobs after landing eight-figure funding deal

Counden Manor

A family-owned Nottingham care home operator is set to expand across the UK and create 600 jobs after landing a £10.65m funding package from HSBC UK.

Sherwood-headquartered National Care Consortium will use the funding to support its nationwide growth strategy, beginning with the acquisition of a 100-bed care home and nursing service in West Yorkshire. The funding will enable the occupancy of the one-acre site to be increased, with plans to reopen 35 currently empty bedrooms.

The funding includes a multi-million-pound refinance deal to support the business’s long-term growth strategy, with the ambition of adding 10 further care homes to its current portfolio of 40 sites by 2025.

National Care Consortium is forecasting a £25m annual increase in turnover with 600 new permanent roles expected to be created.

Tanzeel Younas, co-owner of National Care Consortium, said: “This deal has been instrumental in enabling our latest acquisition in West Yorkshire, allowing for a seamless transition from the former provider. The excellent sector knowledge of our relationship team at HSBC UK, alongside their deep understanding of our business and growth plan, exceeded our expectations.

“National Care Consortium covers all aspects of care services, including residential, nursing, and specialist care. We hope to further grow our portfolio of sites, so we can bring vital healthcare to more people.”

David Subba, healthcare sector lead for Thames Valley & Solent at HSBC UK, added: “National Care Consortium is a well-established healthcare services provider across the UK, and we are very happy to support the business with its aim to acquire 10 new sites over the next 18 months.”