Royal Bank of Scotland (RBS) has provided a seven figure funding deal to help Peterborough Care develop its fifth care home.
The 50-bed care home in Thorpe Wood, Peterborough will create 60 new jobs.
Graham Tallyn, Healthcare Relationship Director at Royal Bank of Scotland, said: “Peterborough Care is the brand behind an ambitious family who are all knowledgeable in their field and add different strengths to keep this company growing at an impressive rate. We are delighted to support them with their expansion plans, assisting further care in the community.”
The two-storey building will consist of ten residents and two households of fifteen residents, each with a lounge and open plan dining room at the centre, with en-suite bedrooms built around this facility.
A hairdressing salon and cinema room will also be part of the development as well as a café on site for residents and their families.
Peterborough Care is a family run business involving two brothers, Ajay and Amar, and mother and father, Shammy and David.
The business was established in Peterborough 33 years ago and was a winner at the Great British Care Awards 2010. Thorpe Wood will be the second purpose built home to be developed by the care operator.
Ajay Marjara, Director at Peterborough Care, said: “Royal Bank of Scotland has been a great support over the years and we cannot thank Graham enough for his sector experience, financial backing and guidance. With his shared belief and vision, we are continuing to provide first class care for the Peterborough community.”
The build will be carried out by Wildgoose Construction.