Senior living
Insights from the care sector: OakNorth’s continued commitment and appetite for support
The care sector has seen significant upheavals over the last five years due to the pandemic, Brexit, the war in Ukraine and the UK cost of living crisis. Yet, despite these tests, the sector has been hugely resilient and shown a lot of potential for growth. OakNorth’s resident care expert, Debt Finance Director Stuart Blair, […]
Business development
The case for care – lending through cycles and supporting the senior living sector despite current headwinds
With some potentially tougher times facing the care industry, supply has been struggling to keep up with demand. But for those that can weather the storm, there’s a ready and waiting audience to tap into. Our Debt Finance Director, Steve Wilson, scoped out the current factors that care providers should be aware of. The social […]
Senior living
Care industry recruitment and retention: challenges and opportunities
We all know that care is a people intensive sector and staffing is widely considered to be the biggest challenge facing the sector right now. According to a report from Skills for Care, England’s social care workforce will need to increase by 490,000 (29%) by 2035 to about 2.16 million jobs, to deal with the […]
Senior living
Financing the purchase of 135 new retirement apartments across the UK
Despite the challenges brought on by the COVID-19 pandemic, Waverstone LLP, the jointly owned entity between Waverley Investments Limited and McCarthy & Stone Extra Care Living Limited, saw an opportunity to further expand its portfolio of retirement apartments across the UK.
Senior living
Finance that allows care home operators to acquire sites and refurbish them, all under one facility
Headquartered in Hampshire, Nine Points Property acquires care homes, residential properties, and commercial buildings, and refurbishes them into care homes for young adults, family assessment centres, and specialist schools.