The investment has been made via the Octopus Healthcare Fund with the homes to be delivered by Abora Developments, part of the Xanadu Care Group.

Once complete, the two homes will provide a total of 136 homes and be operated by Avery Healthcare, which will let them on 35-year leases.

One care home will offer 66 beds in Stafford, while the 70-bed home will be built in Taverham, outside Norwich.

Both will be designed to target EPC A and Excellent BREEAM ratings.

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“This investment reflects our continued focus on delivering high-quality, sustainable care homes that meet the needs of an ageing population,” said Max Weitzmann, investment director at Octopus Capital.

“These two developments will provide modern, purpose-built environments for residents, while supporting the long-term provision of care in their respective communities with an operator we rate, value and trust.

“We are pleased to further strengthen our partnership with Avery Healthcare, and this transaction builds on a strong track record of working together to deliver and operate high-quality homes.”

John Strowbridge, managing director at Abora Developments, added: “We’re delighted to further extend our relationship with Octopus Capital to fund and operate these two energy efficient care facilities.”