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The Business Magazine May 2024
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New care home in Worcester receives funding for construction

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Atelier Finance loans on 76-bed Worcester care home
5 June 2024
Atelier Finance loans on 76-bed Worcester care home

A £12.4 million loan has been provided to construct a purpose-built, 76-bed care home in Worcester, specialist development finance lender Atelier has announced. 

The care home will replace a derelict former restaurant on Droitwich Road, providing much-needed care facilities to support local need. According to Savills, 14,400 new care home beds will need to be built every year between 2022 and 2032 to support our aging population. 

This marks Atelier’s second loan with this leading care home developer and operator. The loan follows a series of recent financing deals in the care sector, including a £9.8m loan for the purchase of a 107-bed care home in North London. 

Rav Kudhail, Lending Manager at Atelier, said: “This is our second loan with Macc Care who are committed to providing individualised care within each home they develop and operate. We are looking forward to continuing our relationship with our borrower throughout the development of this care home in Worcester.”


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Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

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