June 16, 2019 Finance

Bank/lender of the year awarded to Clydesdale and Yorkshire Bank’s Health and Social Care team

Clydesdale and Yorkshire Bank’s specialist Health and Social Care team has been awarded Bank/ Lender of the Year at the 2019 HealthInvestor Awards.

The prestigious ceremony, hosted at Mayfair’s Grosvenor Hotel, in London, brought together leading figures across the independent health and social care sector, recognising achievement in the business of healthcare. The judges praised the team’s range of activity, connectivity across the sector and its willingness to get to know its clients as the key reasons for securing first place.

Derek Breingan, National Head of Health and Social Care, at Clydesdale and Yorkshire Bank, said: “Being named Bank/Lender of the Year at the HeathInvestor Awards is a great achievement for the team, who have been working tirelessly to support a broad range of stakeholders across the industry.

“We are really proud of our work in this sector, helping businesses open new developments, create employment opportunities and provide the highest standard of care to the most vulnerable people in communities across the UK. The industry has a range of opportunities and challenges, but our team are experts in their field and we are committed to investing in the Health and Social Care sector.”

The Bank’s Health and Social Care team lends and provides expertise to SME owner managed businesses, third sector, corporates and investors in the Health sector and use innovative lending structures to accommodate the variety of transactions and sub sectors therein. Over the last few years, the team has supported the creation of over 2,500 beds for communities across the country, both within the private market and developments which are socially funded.

The team has gained recognition within the sector for its flexibility, expertise and innovative lending products including Specialist Property Vehicle (SPV) development finance, which is offered on a stand-alone basis to allow the funding of construction of a care home without a group security/lending structure. This has allowed the Bank to be recognised as the primary lender for care home projects in the UK.

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