Six-figure funding package will support nine new specialised children’s care homes
A significant six-figure funding package will enable a provider of specialised therapeutic services for children to increase its number of homes in the North West to 11 as part of a three year strategic growth plan.
Wigan-based Panacea Children Services has received the support from NPIF II-FW Capital Debt Finance, which is managed by FW Capital as part of the Northern Powerhouse Investment Fund II.
It means the provider can open nine dual-placement children’s homes. These are specifically designed to support children with Emotional and Behavioural Difficulties (EBD) and Learning Disabilities (LD) and provide a safe and caring therapeutic environment tailored to the unique needs of each child.
The funding is also supporting activities around the recruitment and training of specialised staff equipped to handle the complexities of caring for children with EBD and LD, ensuring that high quality children’s services are consistently delivered across all its homes.
This will further support the smooth management and operation of the expanded network homes, allowing for seamless service delivery and care coordination.
Liz Hiley, Operations Director at Panacea Children Services, said: “Our partnership with FW Capital is helping us to scale sustainably while continuing to deliver high quality services to the region’s most vulnerable children.
“There is significant investment required to support the infrastructure, staffing, training, and resources needed to establish each home and meet our standards of care.
“The support from FW Capital and NPIF II is helping us to meet the increasing demand for EBD and LD services and achieve our growth goals. The opening of the nine new dual-placement homes marks a significant expansion of Panacea Children Services’ capacity to provide specialised therapeutic care.”
Steve Molyneux, Senior Investment Executive at FW Capital, said: “The financial investment is helping Panacea Children Services to strengthen their market position and expand the therapeutic care available for vulnerable children with EBD and LD.
“They recognise the increased need for high quality, reliable therapeutic children’s services and the tailored approach needed to implement the right solutions to support children and their families.”
He added: “Working with businesses like Panacea Children Services is rewarding, and I’m pleased our funding will help to make a real difference to children across the North West.”
Sue Barnard, Senior Manager at the British Business Bank, said: “The team at Panacea Children Services have identified a demand for therapeutic services for children with EBD and LD.
“Access to finance is a crucial part in many companies’ growth journey and it’s great that funding from the Northern Powerhouse Investment Fund II has been able to support Panacea Children Services in delivering new homes to meet the demand, helping create jobs as well in the region.”
