"Hewitt brings more than 20 years' banking experience, including a decade in health and social care finance. "The funding landscape for care operators has long been restrictive, hampering the sector's natural entrepreneurial spirit," he said. "Our approach looks at future cash flows to determine borrowing capacity, rather than just LTVs, enabling us to provide larger, more flexible funding. The sector faces many challenges, but finance shouldn't be one of them.""
"Growth Lending has already deployed over £15 million from the new fund. Arishta Ltd, a healthcare group focused on AI-led care home transformation, secured £10 million to begin its buy-and-build strategy, starting with two South London acquisitions. In the North West, children's care provider YourCare received £5.5 million to expand from five to nine homes, creating eight new beds and 25 jobs."
Growth Lending has launched a £150 million strategy to support expansion of healthcare and social care providers across the UK by providing flexible capital. The fund will target operators in social care, primary care, education and health-led community services, with debt facilities starting from £2 million. The lender will focus on businesses often overlooked by traditional banks and will assess future cash flows to determine borrowing capacity rather than relying solely on LTVs. Dan Hewitt joins as Director of Debt Finance for healthcare, bringing over 20 years of banking experience. More than £15 million has already been deployed to providers expanding care capacity and jobs.
Read at Business Matters
Unable to calculate read time
Collection
[
|
...
]