Local care home secures funding and creates new jobs

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27/07/2017

A new care home, Rossmere Park Care Centre Ltd, has received a six-figure funding package from Yorkshire Bank to assist with the purchase and refurbishment of an empty care home in Hartlepool.

The business is owned by Michelle and Vernon Savage, who have previously been involved with several care homes and now operate a home care service based in Stockton.

New jobs created

Over 40 new jobs will be created following completion of the refurbishment and opening of the care home, benefiting both the town and the surrounding areas.

The new 50-bed nursing home will also provide much needed capacity in the local area which is currently experiencing a shortage of beds.

Supporting regional success

Michelle Savage, Director of Rossmere Park Care Centre, said: “Securing this funding from Yorkshire Bank was critical in helping us set up and establish our new business. Yorkshire Bank’s team were really helpful in working with us to put together the right financing package and we are confident they are the right banking partner for our business going forward.”

David Jeffery, Relationship Manger, Commercial Banking, Yorkshire Bank, said: “We are delighted to be playing a part in helping to create new jobs and deliver new services to the local community. We’re focused on supporting the success and prosperity of regional economies and with our £6 billion lending commitment for SMEs across the UK we’ll continue to work with ambitious businesses like Rossmere to help them realise their growth ambitions.”