The £17m loan to Cinnamon Luxury Care will deliver a new 73-bed care home in Thurnby, Leicester. 

The loan will convert an existing brownfield site to deliver the new care home with ten care suites. These suites will provide a bedroom with ensuite-wetrooms and their own separate living room and kitchenette area. The new home will target an EPC A rating and will comprise a traditional build with pre-cast concrete planked floors, alongside a brick and cladding façade. With ensuite-wetrooms as standard, it will include amenities such as dining and sitting rooms, a cinema, private dining, a hair salon and café.  

The new home will address the significant shortfall of care beds in the local area, with a total population (within a 5-mile radius) of 397,975 with 2.1% 85 years plus¹. The majority of care homes are 20-30 years old with a lack of wet room provision². Construction is set to begin in December 2024 and the care home is expected to reach practical completion in August 2026. 

¹ Carterwood data  

² Carterwood data 

Figures are subject to rounding.