National Care Consortium is embarking on a expansion initiative throughout the UK, bolstered by a £10.65 million funding package from HSBC UK.

The expansion plan will begin with the acquisition of a 100-bed care home and nursing service in West Yorkshire. Additionally, the funding will enable the occupancy of the one-acre site to be increased, with plans to reopen 35 currently empty bedrooms.

The funding package encompasses a multi-million-pound refinance arrangement, providing a foundation for the consortium’s long-term growth aspirations. Their ultimate goal is to incorporate an additional 10 care homes into its existing portfolio of 40 sites by 2025.

National Care Consortium is forecasting a £25 million annual increase in turnover with 600 new permanent roles expected to be created.

Tanzeel Younas, co-owner of National Care Consortium, said: “This deal has been instrumental in enabling our latest acquisition in West Yorkshire, allowing for a seamless transition from the former provider. The excellent sector knowledge of our relationship team at HSBC UK, alongside their deep understanding of our business and growth plan, exceeded our expectations.

“National Care Consortium covers all aspects of care services, including residential, nursing, and specialist care. We hope to further grow our portfolio of sites, so we can bring vital healthcare to more people.”

David Subba, healthcare sector lead for Thames Valley and Solent at HSBC UK, added: “National Care Consortium is a well-established healthcare services provider across the UK, and we are very happy to support the business with its aim to acquire 10 new sites over the next 18 months.”

The Younas family has been in the care sector since 1999, and now operates a total of 1,700 beds, with an occupancy rate of 96 per cent. In addition to adult care, the group offers assisted living and care services for children.