Charity Bank

Unity Trust Bank and Charity Bank team up to fund Yorkshire care home purchase

Unity Trust Bank has partnered with Charity Bank to provide loans totalling £8.5m to charity Abbeyfield The Dales.

The funding will allow the charity to purchase Fern House, a 30-room dementia care home in Bingley, Yorkshire.

Unity Trust Bank lent £4.7m, while Charity Bank provided the charity with £3.8m.

Philip Birkinshaw, chief executive at Abbeyfield The Dales, said: “We’ve run Fern House since it opened in 2017 and it has always been our intention to buy it outright, so we’re really pleased to have been able to complete this purchase.

“Charity Bank and Unity Trust Bank align with our values and understand what we want to achieve as an organisation, so were an obvious choice for finance providers.”

The purchase means that Abbeyfields The Dales can now cater up to 100 residents at a time.

Margaret Porter, relationship manager at Unity Trust Bank, added: “We were pleased to be able to assist Abbeyfield The Dales in the purchase of Fern House, which will continue to provide vital care for people living with dementia and alleviate social isolation in the local community.”

Jeremy Ince, regional manager at Charity Bank, stated: “Charity Bank was founded to support charities and social enterprises through ethical loans, so we were delighted when Abbeyfield The Dales approached us.

“Dementia can be a frightening, lonely condition, but when I visited Fern House I could see what a difference specialist care can make.”

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