- Type of finance
- Business need
Starting a business
A £400,000 loan helped bridge the finance gap for new care home The Oaks in Newtown, Powys.
The care home was designed and is being run by the Sandstone Care Group. The group is owned by experienced care professionals, Ben Challinor, James Parkin and Richard Shore.
They appointed Jen Roberts as the home’s registered manager. Jen has worked extensively in the care sector with a wealth of experience opening and successfully managing care homes in Wales.
The directors had secured private investment but needed additional funds for start-up costs and working capital.
There are 73 beds for pensioners available, with a focus on providing nursing and residential care in high quality surroundings. The new care home has created 100 full and part-time jobs as well as providing essential care facilities to the mid Wales area.
Accommodation includes a spacious lounge and dining room on each floor, plus a separate quiet lounge. On the ground floor there is also a café area for use by residents and their visitors. There is an additional communal space on the second floor which has been furnished for use as a cinema.
The care home opened on 6 January 2020, welcoming its first residents on the same day.
During the lockdown caused by the Covid 19 pandemic in March this year, staff led by Jen stayed at the home to keep residents safe. This allowed The Oaks to continue to offer a high level of care for their community, whilst minimising risks of coronavirus transmission.