Nottingham care home funded by Yorkshire Bank creates 50 jobs

4th March 2014

The opening of a Nottingham care home funded by Yorkshire Bank has created 50 new jobs and set new standards for the industry locally.

Acorn House, which is owned by care home entrepreneur Jay Patel, opened in December 2013 with the support of a seven-figure funding package from Yorkshire Bank. The deal was delivered by Graham Harper, Business Development Manager at the Bank’s Nottingham and Derby Business Private Banking Centre.

The 64-bed purpose-built home is located within pristine landscaped gardens in the Carrington area of the city. All rooms are en suite and boast flat screen TVs, mini-fridges and WiFi coverage. The home also has its own on-site hairdressing salon and cafe, with the latter being made available to local groups in order to promote strong community links.

A total of 50 new jobs have been created by the opening of Acorn House, which is the first brand new facility of its kind in Nottingham City for several years. The luxurious property, built by LNT Construction, incorporates the latest facilities in dementia care and age appropriate design, while staff are fully trained in dementia care needs.

The home is owned and operated by Acorn House Care Home Ltd, whose managing director, Jay Patel, has been in the care home business for 10 years. Jay, who also owns a care home in the south-west of England, plans to establish a chain of high quality facilities.

Jay said: “I’m enormously proud of Acorn House and its high quality services. We aim to become fully integrated with the local community by working closely with local groups and charities. Working with health commissioners is also central to our plans to ensure we respond to local needs.

“We chose Yorkshire Bank as our funding partner as its knowledgeable team understood our strategy and what we hope to achieve.

“We’re now examining plans to acquire a second care home and look forward to developing the business further.”

Carl Dickinson, Head of Yorkshire Bank’s Nottingham and Derby Business and Private Banking Centre, said: 

“Acorn House is a high quality residential home, which has significantly enhanced care home provision in Nottingham. We were delighted to be appointed as Jay’s new Midland’s banking partner and are looking forward to using our expertise to support his 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.”