Independent care home operator Meallmore has secured £3.25 million of finance from Allied Irish Bank (GB) for a new residential care facility in Falkirk.
The new facility will turn a vacant ambulance depot site into a 32-bed home for adults with mental health difficulties and acquired brain injuries, and create 37 full-time equivalent jobs.
Allied Irish Bank (GB)’s finance is in addition to Meallmore’s own significant investment.
Derek Smith, senior business development manager at Allied Irish Bank (GB) in Edinburgh, said: “We have a long-standing relationship with Meallmore and we are pleased to support the new care home in Falkirk.
“Healthcare is one of Allied Irish Bank (GB)’s specialist sectors and we value established businesses like Meallmore that have strong, experienced management teams and a focus on providing high-quality care.”
Mary Preston, operations director from Meallmore said: “We have been providing care for the elderly for over 30 years, and mental health care services over the past 25 years.
“Allied Irish Bank (GB) understands and values our expertise and experience, which is a great asset in a finance partner.”
The project was granted planning permission in late 2018. Construction work is expected to be complete in early summer 2021, with the home opening shortly thereafter.
Allied Irish Bank (GB) has provided finance for a range of healthcare businesses in Scotland, including care homes and pharmacies.
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