Care services provider lands £150,000 funding deal
Woodleigh Healthcare, a specialist care organisation supporting vulnerable individuals, has secured £150,000 in funding from the Midlands Engine Investment Fund II (MEIF II) and Regional Growth Fund with support from First Enterprise – Enterprise Loans and Lendoe.
Woodleigh Healthcare provides care for adults and children with learning disabilities, autism, complex needs, challenging behaviours and the elderly.
Established in 2014, the company serves communities in Leicestershire and Surrey with a diverse range of services, including supported living, home care, live-in care, complex care and residential and day care.
It also supports the community through its charity, Woodleigh Community Lifeline, assisting women and children affected by domestic abuse.
The funding will provide support for expansion initiatives and cashflow. Expansion this year will involve opening a third site in Nottinghamshire as well as new supported living and residential services in Leicester and Surrey.
Woodleigh is led by managing director Bernadette Charehwa. She said: “I truly appreciated our Investment Manager, Shaun, taking the time to meet us in person and understand our care model. Being able to discuss industry challenges and their impact on our services was an eye-opening experience. The loan is allowing us to continue delivering essential care and begin our expansion plans.”
David Tindall, senior investment manager at British Business Bank, added: “The Midlands Engine Investment Fund II supports small businesses across the region, helping them scale and grow. This latest round of investment in Woodleigh Healthcare highlights the fund’s ongoing commitment to empowering businesses that are focused on growth and making a positive impact in the local community.”
Shaun Tuhey, investment manager at First Enterprise – Enterprise Loans, said: “We are pleased to support Woodleigh Healthcare, a vital social care provider. Faced with short-term funding challenges, they remained committed to delivering essential services. Through the Midlands Engine Investment Fund II , we provided a tailored, long-term solution to support their growth.
“Many businesses are unaware of the transformative support Community Development Financial Institutions (CDFIs) like First Enterprise offer, and we’re proud to help Woodleigh overcome financial hurdles and thrive. We look forward to seeing their continued success and impact in the community.”
