Yorkare Homes taps £1.25m HSBC funding to develop pipeline
East Yorkshire provider Yorkare Homes has received £1.25m funding from HSBC to build a new care home in Hornsea, acquire land and support operations throughout the Covid-19 crisis.
A first £650,000 funding package from HSBC will allow Yorkare to resume construction of Mere Hall in Hornsea after the development had to be paused due to Covid-19.
Mere Hall is a two-acre site development which will consist of large gardens, a bowling green, allotments and private seating areas.
The home will include facilities such as an in-house bar, a beauty salon, hairdressing room and terraces from each floor, with views overlooking Hornsea Mere.
The development, which will have capacity for 60 residents with residential or dementia care needs, is due to be completed by October.
When operational, the care home is expected to create 75 new jobs in a wide variety of full- and part-time roles.
The funding package will also support the company in employing 60 additional full-time employees, as well as to procure a large amount of essential PPE.
In addition, the money has ensured all Yorkare staff have received pay rises and gifts to reflect their efforts in the fight against coronavirus.
As part of its efforts to reconnect families, all five of Yorkare’s care homes now have dedicated visiting rooms, with an airtight Perspex divide and an intercom system to maintain essential social distancing.
Yorkare Homes has meanwhile received a further £600,000 funding package from HSBC to buy more land in East Yorkshire, providing the opportunity to develop more homes in the future.
The company has committed to building three care homes across the region over the next two years.
“With the help of HSBC UK, we have been able to employ more carers to ensure our residents are receiving the best quality of care during the Covid-19 crisis,” said Yorkare development director Laurence Garton.
“We’re also excited to resume our ambitious development plans for 2020. Adding to our growing estate will create more capacity to offer high quality care for families across East Yorkshire,” he added.
HSBC UK relationship director for South Yorkshire and Humber Mike Craft said: “The team at Yorkare are doing a phenomenal job in providing the very best care to its residents during such a tough time for many families. I’m delighted that the funding has allowed them to protect their employees with vital PPE and much deserved pay rises."