Barclays provides £70 million refinancing to help Methodist Homes grow

5 May 2015

A national charity which provides a range of services for older people has completed a £70m re-financing with Barclays to enable the organisation to continue to expand its care services for older people. 

Derby-based MHA already operates 89 care homes around the country, 64 retirement living schemes and 75 Live at Home schemes, providing services to some 16,000 older people.

One of Britain’s largest charities providing services to older people for over 70 years, MHA was named ‘Most trusted charity in the UK’ in 2014 by Third Sector’s Charity Brand Index. Its services are delivered by over 7,000 dedicated staff and enhanced by the commitment of 4,000 volunteers.  MHA’s mission is to improve the quality of life for older people, inspired by Christian concern. 

This latest funding from Barclays will enable MHA to expand and therefore provide additional services for even more older people.   

Steve Fraser, Finance Director of MHA, said: “The financial backing from Barclays demonstrates their confidence in our strategy. The new funding will allow us to develop more care services, further improve our existing facilities for older people and make sure we maintain high standards of care.

“As a charity we aim to provide good quality services which represent excellent value for money whilst continuing to reinvest all our surplus into providing more for older people, now and into the future.

“This funding will also enable us to create new jobs, which is so important in the current economic climate. Our long-term relationship with Barclays and their “can do” approach is valued and continues to be an important part of our future growth.”

Julian Kilsby, Relationship Director at Barclays said: “We are delighted to help MHA to expand in line with its strategic ambitions which demonstrates Barclays’ commitment to the long term funding and support of business in the healthcare market. MHA is a significant charitable care provider and I look forward to seeing the organisation go from strength to strength in the future.”