Clydesdale Bank backs Surrey provider to expand Woking care home
Guildford based Geoghegan Group has secured a £13m funding package from Clydesdale Bank to support the development of a new residential care
home, to be built on the site of an existing Geoghegan property in Woking, expanding provision from 39 beds to 57.
The family owned group specialises in residential and nursing care for elderly people and also offers a short-term, private post-operative care facility, with patients receiving physiotherapy and hydrotherapy to assist with recovery.
The Woking project will involve careful phasing of building work over the course of two years to ensure minimal disruption to current residents. Employee numbers are set to increase, with the development creating 20 new jobs, taking the total number of staff to 80.
The broker for the deal was Chris Babington from Hervines Capital.