English Oak Care Homes set to grow taller with HSBC funding
English Oak Care Homes has secured an eight-figure funding package from HSBC UK to expand two of its current sites and purchase a new home in Hampshire.
The care provider is investing in the expansion of two sites in Hayling Island and Fareham in Hampshire to meet demand for services.
The expansion of these properties will create 16 additional rooms.
Oak View in Hayling Island delivers dementia care, as well as day and respite care to over 40 patients.
This site is being developed with HSBC UK support to include a new sky lounge for residents, which will overlook the 30-acre grounds of the building.
English Oak Care Homes has also purchased a new site to keep up with rising demand, experienced since the pandemic.
Nightingale Court in Waterlooville is set to open in December this year and promises to offer a sustainably conscious home for residents in the Hampshire area.
As part of the HSBC UK backed developments, English Oak Care Homes will continue the rollout of EV charging points across its network of homes.
With sustainability a key business priority, each care home is currently 100 per cent carbon neutral.
“We are passionate about delivering care homes that run entirely on green energy and this is a major part of our future growth plans, as we look to continue to champion green initiatives,” said English Oak Care Homes owner Stephen Geach.
“We are committed to continuing the rollout of EV charge points at each of our sites and we are even looking at sponsoring staff to use electric scooters for their commute,” he added.
Nick Hicks, HSBC UK area director for MME South & East said: “HSBC UK is pleased to support English Oak Care Homes with its expansion plans, as well as helping the care provider meet its sustainability goals.
“The care sector has seen a significant increase in demand in recent months and the business has remained agile to be able to respond to this and deliver high quality care for all of its residents.”