Expansion plans for children’s care home provider
A children’s residential care home services for local authorities is expanding with a new facility thanks to a £40,000 loan.
Greater Manchester-based PureCare provides care and therapy for young people from referrals to psychological assessments and clinical supervision
Currently, PureCare owns and runs a four-bed home in Trafford and a three-bed home in Tameside.
Both homes are fully refurbished with modern amenities including therapy rooms, games room and gyms.
PureCare will use the loan to complete the purchase of a new three-bed home in Bury, enabling it to meet more of the increased demand for residential care from local authorities.
The loan was secured from NPIF – BFS & MSIF Microfinance Fund, which is part of the Northern Powerhouse Investment Fund (NPIF) and managed by GC Business Finance and MSIF.
Shaz Khan, managing director at PureCare, said: “This loan will enable us to help more young people to develop the life skills they need to integrate within the wider community and society, so we’re grateful to NPIF and GC Business Finance for working with us to secure the funding.
“By completing the purchase of a three-bed home in Bury, we can meet more of the demand for outstanding residential care from local authorities and continue to tailor our support to the specific needs of the young people that we work with.”
Paul Deighton, Senior Loan Manager at GC Business Finance, said: “PureCare is already making a significant impact in Greater Manchester through its personal approach to residential care, and we look forward to watching it go from strength to strength following this loan.”
Sue Barnard at British Business Bank, added: “The investment into PureCare signifies a measurable impact to local residential care services, by enabling the expansion of PureCare’s outstanding delivery of care across the Northern Powerhouse region.’’
