Due to be completed in July 2018, this will be the fifth care home for the 33-year-old, award-winning family-run business.
RBS will be supporting this purpose-built development with a seven-figure funding package.
The home has been designed for dementia residents with a hairdressing salon and cinema room included in the development as well as an on-site café for both residents and their families.
The Thorpe Wood care home will be the second purpose-built home to be developed by the care operator following the opening of The Maltings in 2014.
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Graham Tallyn, healthcare relationship director at RBS (pictured above, far left), said: “Peterborough Care is the brand behind an ambitious family who are all knowledgeable in their field and add different strengths to keep this company growing at an impressive rate.
“We are delighted to support them with their expansion plans, assisting further care in the community.
“We wish them all the very best as they bring this development to a natural completion next summer.”
Ajay Marjara, director at Peterborough Care (pictured above, far right), added: “We have built up a successful business providing dedicated nursing and dementia care for our elderly residents.
“Thorpe Wood care home is slightly different as it has been designed to help us support our residents suffering with dementia when we fully open next year.
“Royal Bank of Scotland has been a great support over the years and we cannot thank Graham enough for his sector experience, financial backing and guidance.
“With his shared belief and vision, we are continuing to provide first-class care for the Peterborough community.”