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CYBG wins Bank/Lender of The Year at HealthInvestor awards 2019

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Clydesdale and Yorkshire Bank’s specialist Health and Social Care team was thrilled to be awarded Bank/ Lender of the Year at the 2019 HealthInvestor Awards in June.

The prestigious ceremony, hosted at Mayfair’s Grosvenor Hotel, in London, brought together leading figures across the independent health and social care sector, recognising achievement in the business of healthcare. The judges praised the team’s range of activity, connectivity across the sector and its willingness to get to know its clients as the key reasons for securing first place.

Derek Breingan, National Head of Health and Social Care, at Clydesdale and Yorkshire Bank, said: “Being named Bank/Lender of the Year at the HeathInvestor Awards is a great achievement for the team, who have been working tirelessly to support a broad range of stakeholders across the industry.

“We are really proud of our work in this sector, helping businesses open new developments, create employment opportunities and provide the highest standard of care to the most vulnerable people in communities across the UK. The industry has a range of opportunities and challenges, but our team are experts in their field and we are committed to investing in the Health and Social Care sector.”

The Bank’s Health and Social Care team lends and provides expertise to SME owner managed businesses, third sector, corporates and investors in the Health sector and use innovative lending structures to accommodate the variety of transactions and sub sectors therein. Over the last few years, the team has supported the creation of over 2,500 beds for communities across the country, both within the private market and developments which are socially funded.

The team has gained recognition within the sector for its flexibility, expertise and innovative lending products including Specialist Property Vehicle (SPV) development finance, which is offered on a stand-alone basis to allow the funding of construction of a care home without a group security/lending structure. This has allowed the Bank to be recognised as the primary lender for care home projects in the UK.

Across the last year alone, the team has helped a wide range of companies grow with their specialist knowledge, including:

  • Cinnamon Care

Cinnamon Care Capital, the established developer and operator of luxury care homes for the elderly, is creating a major new care home with funding support from Clydesdale Bank. After acquiring the premises at York House two years ago with the bank’s initial support, the business is now redeveloping the former care home at Battersea in London, increasing capacity from 58 to 78 beds, alongside the build of 28 extra care units across two new floors being built on top of the existing building.

  • Impact Healthcare REIT plc

Impact Healthcare REIT plc, the Real Estate investment trust company that invests in a diversified portfolio of UK healthcare real estate assets, agreed a new revolving credit facility of £25m with Clydesdale Bank. The facility will help the real estate investment trust to manage its capital structure and support its growth plans.

  • Swanton Care & Community Ltd

Swanton Care & Community Ltd, the specialist provider of residential care and supported living services for adults with complex learning disabilities, mental health disorders and acquired brain injuries, enlarged its business with our team’s help. Clydesdale and Yorkshire Bank provided financial support, alongside backing from Apposite Capital, to help the company make two acquisitions, as it purchased Values in Care Ltd and GRS Care Ltd. This means Swanton Care & Community now supports around 430 people through its combined group and has significantly expanded its footprint.

Backing Health and Social Care businesses across the UK

Find out more about what our specialist sector team can *offer your business by visiting the link, here.

*Products and services are subject to status and eligibility. Security may be required.

POSTED IN: Finance advice


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