Family business receives multi-million pound funding to develop new care home

< back to all business news articles

22/06/2017

Geoghegan Group, a family-owned business based in Guildford, has secured a £13 million funding package from Clydesdale Bank. The funding will support the development of a new care home.

Geoghegan Group opened in 1989 and specialises in residential and nursing care for the elderly. They also offer a unique short-term, private post-operative care facility, which acts as a cross between a hospital and home, with patients receiving physiotherapy and hydrotherapy to help with recovery.

Improving facilities and creating jobs

The funding will support the development of a new care home with provision for elderly residential care. The new home, built on the site of an existing Geoghegan Group residential property in Woking, will be larger – expanding from 39 beds to 57. The development will also create 20 new jobs, taking the total number of staff to 80.

Funding solutions that fit

Geoghegan Group Director, Charles Geoghegan, said: “The finance package that we have received from Clydesdale Bank underlines their willingness to look at different types of projects and find bespoke funding solutions for their clients. The expert support they offer is what attracted us to them and we are already working closely with them to progress our exciting project.”

Johnny Rowe, Health and Social Care Director, Clydesdale Bank said: “Charles and his team have shown great determination and vision to build this successful family business and a huge part of that success is their commitment to their residents and providing the highest quality of care. Over the next three years we’re making £6 billion of lending available to businesses around the country to support the growth ambitions of businesses like the Geoghegan Group.”

All our funding deals are subject to status and eligibility. Security may be required.