Clydesdale and Yorkshire Bank has provided a £5.6m funding package for a Majesticare home in Worcestershire.
The 67 bed Cavendish House in Evesham is Majesticare’s second in the region and eighth across its group.
Roger Pratap, Chairman of Majesticare, said: “We are committed to expanding our care home portfolio and are looking forward to opening our second facility in Worcestershire. Evesham is an ideal location and our five star facility will contribute significantly to the local area.
“We have been working with Clydesdale and Yorkshire Bank’s Health and Social Care team for more than three years and we find their approach to lending in the care home sector second to none. We appreciate their support with this project and we are already in discussions about our future plans.”
Cavendish House will create more than 100 jobs with facilities including boutique hotel style interior design, café bistro, cinema, hair and beauty salons, and landscaped gardens.
Graham Harper, Health and Social Care Director at Clydesdale and Yorkshire Banks, said: “This is the second Majesticare development we have been involved in and the team’s vision for this care home will ensure the facility is state-of-the-art. We are pleased to be able to support the business as it continues to grow and succeed, bringing considerable employment to the local area along the way.”