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Kare Plus

Partner:Maven

Region:Midlands

Location:Midlands

Nursing and Healthcare recruitment specialist will use the business loan to expand care sites across the West and East Midlands.

Kare Plus National Limited has received a £910,000 loan from MEIF Maven WM Debt Finance, part of the Midlands Engine Investment Fund.

Kare Plus delivers care and support services through residential establishments including large private hospitals, local councils and to private clients within their own homes, providing them with medical and care services. The funding package will allow the firm to expand its network of care facilities across the Midlands and also bolster its homecare services. It is also expected to create 20 new jobs.

Kare Plus also provides temporary and permanent clinical staffing solutions to the private and public health and social care sectors. CEO, Steve Welsh, was originally a franchisee who purchased Kare Plus in 2010.

Steve Welsh CEO at Kare Plus said; “The MEIF Maven WM Debt Finance will assist in the growth of our homecare services, which will continue to expand and develop alongside our national network of franchise businesses. Our focus is the delivery of outstanding nursing, care and support to local communities, nationally and we look forward to continuing to do just that.”

Raj Minhas, Investment Manager at Maven Capital Partners, said, “Kare Plus is an established business with ambitious growth plans to expand the business and create new jobs in the region. We are delighted to have provided the management team with this loan facility from the MEIF Maven WM Debt Fund to help propel their growth journey.”

Grant Peggie, Director at the British Business Bank, said, “The Midlands Engine Investment Fund seeks to boost growth in smaller businesses across the region with finance to support new jobs and expansion. Funding such as this, highlights the important role of external finance as well as the positive impact the MEIF is having on Midlands businesses. We would encourage other small businesses seeking to grow to see what funding support is available from MEIF.”

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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There are 10 Growth Hubs located across the #Midlands. As centres for business support, they can help firms access expert advice and finance. Find your nearest here: https://t.co/47oT5NP7xK https://t.co/7nMpdgbfK9 MidsEngInv photo

Northampton-based Overnet Data is creating five new jobs after receiving a £90k boost from #MEIF and @1st_Enterprise.

The firm will also use the funding to continue developing its IT services software.

Read more via @TBDEastMidlands: https://t.co/ae4Dv0sQY7 https://t.co/7pNkyIPOkG
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The #MEIF aims to transform the finance landscape for smaller businesses in the #Midlands. The fund offers four different finance types including debt and equity investment.

Find out more information here: https://t.co/ClV3f3Y553 https://t.co/H6yHd27qYN
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For the latest #MEIF deals and fund announcements please visit our news page here: https://t.co/eSal7Vh8cu https://t.co/jFh53DDTSs MidsEngInv photo

Green Life Buildings is increasing its manufacturing and distribution capacity after a £600k funding package from #MEIF and @Maven_Midlands.

The Corby-based construction technology firm is also creating seven new jobs.

Read more via @TBDEastMidlands: https://t.co/IhTVn0O5a2 https://t.co/10ZptIwpkH
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