Member Article

Huddersfield entrepreneur launches Mulberry Care Homes

A Yorkshire entrepreneur has secured funding for his Huddersfield based Mulberry Care Homes venture.

Paramjit Banwait has purchased the 40 bed Astley Grange - a former Southern Cross home - after Barclays Business, the small business arm of the global financial services provider, today announced its backing.

The care home is located at Woodhouse Hall Road, Woodhouse Hill, Huddersfield, and was purpose built in 1992. It offers a warm social environment, while supporting resident in their independence and achieving dignified day to day living.

Paramjit Banwait, managing director, Mulberry Care Homes said: “Care for the elderly and dementia sufferers has never been more important and with an ageing population, it’s crucial we can provide the right level of care this vulnerable sector of society deserves. Barclays has supported the purchase with funding and we hope to improve and extend the facilities over 2014.”

Mulberry Care Homes employ 40 staff locally with an additional four new jobs created this year.

Stuart Stocks, senior business banking manager at Barclays said, “It’s been very rewarding working with Paramjit and his team and it’s great that we’ve been able to fund the purchase. This deal demonstrates Barclays Business is open for business for quality deals in Yorkshire and we’re hopeful that businesses will make the investment decisions they’ve been putting off in 2014.”

This was posted in Bdaily's Members' News section by Graham Vincent .