Parklands Care Homes secures £20 million investment

PARKLANDS Care Homes has secured £20 million of funding from the UK's leading sustainable bank, Triodos.

The funding will support the re-financing of Parklands' nine existing care homes located across the north of Scotland. That includes the care homes in Aberlour, Keith and Buckie.

Part of the funding will go towards the construction of a new 58-bed care home in Milton of Leys, Inverness which also includes a new later living retirement village comprising of 11 properties. The project is set to be the largest investment ever by the award-winning care home provider.

Ron Taylor, Managing Director of Parklands Care Homes, said: "We are delighted to be working with Triodos, a bank with a great track record in sustainable and socially responsible investments.

"Our new partnership with Triodos gives us a platform for growth and means we can focus on providing additional care capacity to serve the needs of our growing older population.

"Our forthcoming investment in Inverness will be our largest and most innovative, combining the traditional model of residential care with independent later living support, and will provide an important economic boost for the city, generating new jobs and supporting the local supply chain.

"As we approach our 30th anniversary of caring for older people in the north, Parklands will continue to invest and innovate."

Rob Keegan, Business Banking Regional Manager for Scotland at Triodos Bank UK, added: "The social care sector is one which has a huge impact upon many families' lives, and we're pleased to support organisations like Parklands that are delivering compassionate, award-winning care.

"All of its homes are rooted in their communities and look to make a real difference to people across the north of Scotland."

The arrangement also includes funding for the new state-of-the-art Eilean Dubh care home in Fortrose which opened in early 2021.

Triodos Bank and Parklands Care Homes have worked across the care sector for over 25 years. Triodos has continuously offered funding to the sector as part of its mission to support organisations that offer specialist care and support a better quality of life.

Parklands has provided care for older people in the north of Scotland for over three decades.

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