Colchester care home supported by Clydesdale Bank to create 150 new jobs

22nd May 2014

A new Colchester residential home being funded by Clydesdale Bank is set to create 150 new jobs and boost dementia care services locally.

Stour Valley Care Group is constructing the £7m 60-bed purpose-built care home with the support of a substantial seven-figure funding package from Clydesdale Bank. The deal was delivered by Adam Walker, Richard Chapman and Richard Nuttall from the Bank’s Bury St Edmunds Business and Private Banking Centre.

The new five-star home, which will be known as Mistley Manor, is located on the outskirts of the picturesque town of Manningtree, in the heart of Constable country. The property – due to open in late summer - comprises 49 en-suite bedrooms and 11 penthouse suites offering bespoke care packages. Four luxury bungalows are located adjacent to the home on a site named Mistley Grove.

The home will also boast its own hair and beauty salons, cinema room, private library and bar in addition to relaxing lounge areas.

To help meet the complex needs of residents with dementia, the home’s entire design is based on pioneering research into dementia-friendly design published by experts at the University of Stirling.  The first floor of the home will be also dedicated to dementia care and incorporate facilities including a ‘living journey’ corridor which is designed to help stimulate the memories of residents with dementia needs.

Mistley Manor will replace an eight-bed care home which Stour Valley Care Group formerly operated on the same site. The family-owned group, now in its fourth generation, continues to operate two other care homes, both also located in the Stour Valley area.

Stour Valley Care Group is a new customer for Clydesdale Bank. The business approached the Bank after its previous banking partner was unable to fund Mistley Manor.

Mike Volf, managing director of Stour Valley Care, said: “I’m enormously proud of Mistley Manor and the high quality accommodation and services it will provide. As a fourth generation care business, we have drawn on our vast experience to create an environment that will ensure all our residents enjoy the highest possible quality of life.

“Clydesdale Bank’s knowledgeable team has played a key role in helping us to deliver our vision. We are grateful to them for their support and advice.”

Richard Chapman, Head of Clydesdale Bank’s Bury St Edmunds Business and Private Banking Centre, said: “Mistley Manor is a high quality residential home, which will significantly enhance care home provision in Colchester. We were delighted to be appointed as Stour Valley Care’s new banking partner and are looking forward to using our expertise to support the company’s growth aspirations.

“It is extremely rewarding to know that through our funding, there will be a real and positive impact for the local community, as well as for the local economy through the creation of a significant number of jobs.”

The deal comes after Clydesdale Bank staged its second Business Week. Held from 12-16 May, Business Week saw more than 250 customer-focused events staged at the Bank’s UK-wide network of Business and Private Banking Centres, including a number of high profile events in London, Reading, Oxford, Gatwick and Bury St Edmunds.