A Preston-based construction company is building its second care home in Grimsargh.
Now Eric Wright Group has secured £30 million funding from NatWest to support the group’s development projects.
The group’s focus is to attempt to develop high quality care homes under their Wrightcare brand, with the first built in Clitheroe.
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The care home plan is part of a wider development that includes 48 new bungalows off Preston Road in Grimsargh.
Gill Chadwick, group chief financial officer at Eric Wright Group, said: “Our commercial success goes hand in hand with creating meaningful benefits for the communities we serve.
“This £30 million facility from NatWest is vital for empowering our future projects, including constructing essential care facilities.
“The continued support from NatWest, a trusted partner for over 40 years, reflects their confidence in our vision of building a better, more sustainable future.”
Andy Clarke, Director, corporate real estate finance at NatWest, said: “Our continued partnership with Eric Wright Group is a testament to our commitment to supporting businesses with strong community foundations.
“Their unique ‘profit for purpose’ model is an exemplary way of aligning commercial success with social value, a collaboration that resonates with our own core principles.
“This funding package is designed to provide the flexibility they need to achieve planned strategic investment and development. “We are confident this funding will underpin their continued growth and further enhance their positive contribution to the Northwest.”
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