Foxholes Nursing Home backed by NatWest undertakes multi-million rebuild

Foxholes Nursing Home backed by NatWest undertakes multi-million rebuild

The owners of Foxholes Nursing Home in Hitchin have just begun a large and ambitious rebuilding project which will create a number of new jobs having agreed a funding package with the specialist healthcare team at NatWest.

The care home which is based on the site of the town's old maternity hospital in Pirton Road will see the existing 35 bed structure completely demolished to be replaced with a brand new 110 bed home, which will be constructed to meet and surpass all current regulations.

The home is owned and operated by Mrs Usha Gandecha and provides nursing home services and care to residents from the local area. Alongside their care home services, the group also owns and operates pharmacies in Hitchin and Letchworth.

Foxholes has a strong reputation for their care services, something which will be at the forefront of their philosophy for the enlarged home. The scale of the expansion will create a number of new jobs when the home is finished in July 2012. The build is being undertaken by Dunelm Property Services Ltd and is being project managed by local firm the Aedifice Partnership.

The specialist healthcare team are supporting the project with the advancement of a £6.75m loan to fund the rebuild.

Speaking about the project, Mrs Usha Gandecha said: "This has been a long time in the planning so it is great to see the work underway. This project sees us tripling the number of residents we will take in meaning that we will need to take on additional local staff to serve and care for the increased number of residents we will have. Despite this being some time off we are already putting in place detailed plans to ensure we are open and caring for residents as soon as we can in 2012."

Rob Storey, relationship director, healthcare at NatWest adds: "Usha has been visionary in her plans for Hitchin. The site is well known in the town and the designs will utilise the full space that the former hospital has to offer."

Latest news

RBS to help 2.5 million people each year to be more financially capable

RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.

RBS to increase lending to sustainable energy sector following £1.1bn securitisation of loans to UK sustainable energy market

RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.

RBS launches £1 billion Female Entrepreneurship Funding and announces targets to help create at least 50k new businesses by 2023

RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.

Set Tab for lightbox