12th August 2020
Brookside Day Centre (BDC) Healthcare & Education received the funding to help purchase a new care facility and create several employment opportunities.
A Corby care service for adults with learning disabilities has secured a £200k loan from the Midlands Engine Investment Fund (MEIF) Debt Finance, managed by Maven Capital Partners.
The funding will enable BDC Healthcare & Education to purchase a new care facility in Northamptonshire while also creating several employment opportunities.
BDC is a care service for adults with learning difficulties and disabilities ranging from brain injuries, autism, ADHD, dyslexia and dyspraxia. Service users’ ages can range from mid-teens to mid-60s, with BDC providing sensory activities, real work skills, travel training and other life skills.
Shoaib Arshid, Managing Director at BDC, said: “It is great to receive the backing and support of MEIF and Maven. The funding will enable us to acquire another facility, allowing us to support more adults with learning disabilities and give them an opportunity to live more independently.”
Graham Hall, Investment Manager for Maven, said: “We are delighted to provide this funding to BDC. The business provides a well-needed service to the region. The vision for BDC is to continue to roll out services and we are pleased to have provided it with the initial funding to kick this process off. We look forward to seeing the business grow over the upcoming years.”
Lewis Stringer, Senior Manager at the British Business Bank, said: “We’re delighted to see finance from the MEIF supporting the care service sector. The fund is playing a vital role in enabling businesses in the region to access the finance they need to thrive and we’d encourage other SMEs in the area to consider reaching out to our fund managers, to discover the options available through MEIF.”
Hilary Chipping, Chief Executive at SEMLEP, said: “It’s fantastic to see the Midlands Engine Investment Fund supporting another South East Midlands based business to grow. The opportunities created will not only unlock jobs in the area, but it will support members of our community by providing an important service.”
The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.
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