EXCLUSIVE: Clydesdale finances Cinnamon Care development

Waterlooville3

A Cinnamon Care home development funded by Clydesdale Bank has opened its doors to the public.

Wellington Vale care home in Waterlooville, Hampshire was provided with £5.28m in development finance by Clydesdale.

Mike Day, Health and Social Care director at Clydesdale, said: “We are delighted to have provided finance to fund Wellington Vale and to have had the opportunity to work with Cinnamon again.

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“This is the third completed development which Clydesdale has funded for Cinnamon and we are pleased to be able to support this growing business. We see Wellington Vale as an important local development, fulfilling a strong community need.”

The luxurious 80 bed purpose-built care home will provide much needed high quality residential and dementia care facilities in the area, as well as local employment for some 60 staff.

Declan Walsh, managing director at Cinnamon Care Capital, added: “Clydesdale Bank has supported the development of a number of care homes and is a valued partner for our business.

“Two further homes in Birstall (see EXCLUSIVE: Clydesdale & Yorkshire Banks fund luxury care home) Leicestershire and Battersea, London have also been funded by the bank. We are delighted that, thanks to Clydesdale’s backing, we are able to open Wellington Vale today.”

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