The Full Story.
Forge Care were about to start construction of a specialist childcare development in Nuneaton when the Coronavirus outbreak paused all building work and meant that they had to stand all contractors down. It was essential that the owners of Forge Care secured a development loan, ensuring the company kept the site and could eventually continue with the build.
The funding will provide construction of high-quality residential homes for 20 children, with 5 bedrooms per building. The exciting space will incorporate two different styles of accommodation, revolutionising the way children’s care is provided in the UK, and will also provide a significant boost to the local economy by creating 80 jobs.
With the site now complete and the homes full, Forge Care have taken out additional borrowing from Assetz to re-structure the existing debt and to release capital in order to grow the business across the region.