The funding has been secured by MACC Care Group for the ground-up construction of the 80 ensuite bedroom site.

Having secured planning permission in 2024, the care home is scheduled to be complete in the summer of 2026.

This 21-month facility will be funded via the Broadwood Later Living Sustainable Construction Finance Fund.

The property will be designed to incorporate fossil fuel free heating, EV charging points and target an EPC ‘A’ rating.

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“With continued pressure on later living throughout the UK, this is a welcome addition to the development pipeline,” said Dan Smith, CEO at Broadwood Capital (pictured above).

“As long-term advocates of a sector which is socially conscious, sustainable and structurally in high demand, we remain keen to fund similar projects and to support the construction and development of much-needed new facilities.”

Naz Nathani, founder and CEO at MACC Care Group, added: “We are delighted that Broadwood is providing the full development finance to allow MACC to deliver a best-in-class, future-proofed and highly sustainable care home in a part of the Midlands with a significant undersupply of care beds.

“It is great to be working with Dan and the Broadwood team again.”