Encore eyes growth with new £8.8m Poole care home
Leading southern England care home provider Encore is expanding its portfolio with a new development in Poole, Dorset.
The Oakdale 84-bed facility will be the fourth state of the art care home designed, built and opened by Encore in the last five years.
Claire Harrison, Finance Director at Encore, said: “We are an ambitious and well-resourced business in a competitive industry but we have developed a strong proposition and we want to dramatically grow Encore and provide outstanding care to areas across the south.”
Encore’s ambitious growth strategy entails opening three care homes a year. The Oakdale is set to open in summer 2019 with a property in Redhill launching in 2020. Encore is also applying for planning permission for sites in Pembury, Kent and Reading, Berkshire, as well as identifying other locations in the south.
The Oakdale is being funded through an £8.8m development facility from Clydesdale Bank whose team are led by Senior Director of Health and Social Care Johnny Rowe.
Claire added: “We have enjoyed working with Clydesdale Bank – Johnny and his team have taken the time to understand our business and been able to offer the right support at the right times. Their knowledge and experience of our industry has been incredibly beneficial as we have gone through this process and it’s great that construction is underway and making good progress.”
Johnny said: “Encore is at the cutting edge of its sector and has a service offering which brings something new to the market place. Its three care homes continue to go from strength to strength and The Oakdale will be a great addition to the portfolio, as well as expanding the care options in the Poole area.
“We are committed to working with SMEs, to ensure they grow and develop. Encore has an ambitious strategy that will cement its position in the sector and differentiate itself from the competition. We look forward to continue working with the team going forward.”