Funding package from Clydesdale Bank will help to build three new residential care homes
Oakdale Care Group, a new care home operator based in Buckinghamshire, is developing a chain of state-of-the-art residential facilities for the elderly that will create 180 new jobs after securing a £13m funding package from Clydesdale Bank.
Oakdale aims to become a leading provider of elderly care facilities, with plans to deliver three new 66-bed residential care homes in the northern home counties region. Clydesdale Bank is supporting the development of two of the homes and is providing funding for the third upon completion. Construction is due to start soon with completion scheduled for the autumn of 2017.
Andrew Long, Oakdale MD, Johnny Rowe, Clydesdale Bank, Chris Babington, Oakdale FD
The homes, which are being built by LNT Group, will provide a mixture of residential and dementia care. Each property will offer cinema and garden rooms, landscaped gardens, tea and coffee ‘shops’, beauty salon, full lifestyle activities and transport. All bedrooms incorporate full en-suite wet rooms, air conditioning and sprinkler systems to ensure the highest possible standards of both care and safety. Ground source heating and solar-panels will help the homes to be energy efficient.
In addition to the three homes being delivered with support from Clydesdale Bank, Oakdale is building a fourth care home in Sutton in Ashfield which is due to open April next year. The Group hopes to create a chain of 10 care homes offering more than 600 beds, over the next few years.
Oakdale Care Group was founded by a small group of individual investor/directors who have significant experience in the sector. The group aims to support growing demand in the residential elderly care market. Chris Babington, Finance Director of Oakdale said: 'I’m enormously proud of the high specification homes we are developing with LNT and support from Clydesdale Bank, and in turn the quality services we will be delivering to elderly patients in the home counties region.'