Parklands Care Homes secures £20 million funding for expansion plans

Parklands Care Homes has secured a £20m sustainable finance funding from Triodos Bank UK to help fund its expansion plans.The independent Scottish care provider operating across Highland and Moray, has received the funding for its nine existing homes, as well as a new multi-million-pound care project in Inverness.Construction on the new 58-bed care home in Milton of Leys, Inverness, is expected to begin shortly.A new later living retirement village comprising 11 properties for independent living will be built alongside the new care home.The arrangement also covers a refinance of Parklands ’ existing portfolio across the north of Scotland.This includes the new Eilean Dubh care home in Fortrose, which opened in early 2021. The state-of-the-art facility includes 40 ensuite rooms and community-focused facilities, with views across the Moray Firth.The finance from Triodos Bank brings together two organisations that have worked across the care sector for more than 25 years.