£31m loan to North Bay for three new UK care homes

Overview

Three loans worth a total of £31 million to North Bay to fund the development of three care homes across the UK.

The developments are located in York (a 66-bed care home), Bowburn (a 73-bed care home) and Preston (a 74-bed care home) and will all feature single occupancy, 100% en-suite wet room provision. Once completed, the schemes will supply 213 new beds to the UK care sector. 

The York home will be located three miles to the west of the centre of York, the Bowburn home five miles South East of Durham and the Preston home, six miles from Preston train station and four miles from Preston Hospital. 

North Bay specialises in the development and operation of care homes; currently running 47 schemes (over 2,700 beds) across Yorkshire & The Humber, North East, North West and the Midlands.

Figures are subject to rounding.