Metro Bank has lent over £9.27m to support the development of new care centres across Wiltshire.
The challenger bank provided Wessex Care Limited with the funding to allow it to develop the Kimberly West and East Care Centres in Salisbury.
The development programme will allow Wessex Care to increase its five care homes to six and bring the total number of beds to 250.
“After seven years from concept to completion, we are pleased to have launched Kimberly West Care Centre and are currently working on the construction of Kimberly East Care Centre,” said Matthew Airey, managing director at Wessex Care.
“None of this would have been possible without the support, funding and amazing service provided by Metro Bank.
“We have exciting plans to transform our current residential, nursing and dementia care homes and are looking forward to working with Metro Bank on these projects.”
Denis Knockton, head of mid-market healthcare at Metro Bank, added that it was delighted to have supported Wessex Care with this finance solution.
“They’re a well-known and respected organisation that provides vital and accessible services to the local community.
“I look forward to working closely with them and supporting them with their future aspirations.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Masthaven teams up with Intrinsic Financial Services
Masthaven has announced a new partnership with Intrinsic Financial Services as the bank looks to enable more brokers to access its range of residential mortgages.
Cambridge & Counties refinances Oxfordshire nursery
Cambridge & Counties has refinanced an Oxfordshire nursery, which is creating 50% more places for local children.
How important are brokers in the specialist banking market?
Brokers are an important channel for newly launched banks, a number of industry professionals have claimed.
BFC Bank enters UK market
BFC Bank has launched into the UK banking market offering financial services to UK SMEs.
Liam Fox launches GREAT Innovation in Action Awards
International trade secretary Liam Fox has launched the GREAT Innovation in Action Awards to find the best partnerships between UK and Asia-Pacific companies.
Teachers Building Society names new board of directors chair
Teachers Building Society has named Julie Nicholson as the new chair of its board of directors.
Church of England introduces contactless payments
The Church of England has introduced contactless, virtual terminal and SMS mobile payments to over 16,000 churches, cathedrals and religious sites across England.
FIBA workshops to feature live deal room
The Financial Intermediary & Broker Association (FIBA) has announced that its upcoming regional workshops will give brokers the chance to interact with partner lenders in a live deal room.
Metro Bank to enter Scottish mortgage market
Metro Bank has announced that from 5th April it will be expanding its mortgage business into Scotland.
Do challenger banks need to collaborate on Open Banking?
Collaboration between challenger banks on Open Banking could be a powerful message to consumers and the established players, according to an expert at a recent event.