"To spearhead the new fund, Growth Lending has appointed Dan Hewitt as Director of Debt Finance, specialising in healthcare. Commenting on his appointment, Hewitt said: "The funding landscape for care operators has long been restrictive, hampering the sector's natural entrepreneurial spirit. Our approach looks at future cash flows to determine borrowing capacity, rather than solely LTVs, which enables 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 more than £15m under the new fund. Arishta Ltd, a newly formed healthcare group focused on AI-led care home transformation, secured £10 million to fuel its buy-and-build ambitions, beginning with the acquisition of two care homes in South London. Meanwhile, Preston-based YourCare, which operates homes for children with complex needs, received £5.5 million to expand from five to nine homes across the North West, creating eight new beds and 25 new care roles."
Growth Lending has committed an initial £150 million to the UK healthcare sector to back social care, primary care, education and health-led community service providers. The lender will deploy capital through flexible debt facilities with individual deals starting from £2 million, targeting ambitious operators often overlooked by traditional lenders. Dan Hewitt joins as Director of Debt Finance with over 20 years of banking experience, including a decade in health and social care finance. The lender assesses future cash flows rather than relying solely on LTVs. Over £15 million has already been deployed to groups such as Arishta and YourCare amid acute pressures across the health and care system.
Read at London Business News | Londonlovesbusiness.com
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