£52.5m funding package means more trade jobs in Northampton


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The award-winning St Andrew’s Healthcare, which is the UK’s largest mental health charity, has confirmed it now has the funding package in place to enable a further major investment in brand new facilities at its Northampton base.

St Andrew’s, the largest charity sector provider of NHS care, has agreed a £52.5m funding package with Lloyds TSB, to include funding the construction of a new 90-bed psychiatric hospital. The new facility will provide secure accommodation for a number of new services and will allow expansion of its existing national services.

Professor Philip Sugarman Chief Executive Officer at St Andrew’s said “In the last ten years we have completed a £200m programme of development and refurbishment across four sites, with our new units achieving high levels of occupancy. We have seen continuous growth and a recent sharp rise in market share.”

“We are now ready to plan the next phase of growth, with new facilities for service users placed with us by our NHS customers. These developments will strengthen our position as the UK’s leading provider of specialist secure care and as the country’s only independent national teaching hospital.”

Chief Finance Officer Nigel Alcock says: “Despite challenging financial forecasts for independent mental healthcare providers, St Andrew’s saw turnover increase by over 5% last year, to £169m.  As a charity it is essential that any financial agreements we enter into are right for our long-term commitment to care for as many people as possible.  We are in a very different position to some private companies, and that’s why we believe that the charitable model offers huge potential for the sector.

“This funding agreement will help St Andrew’s maintain the great results we have achieved by reinvesting in the future of mental healthcare over the last few years.  We are delighted to have finalised the deal with Lloyds, who have been fantastic to work with.”

David Hykin, Relationship Director at Lloyds Bank Wholesale Banking & Markets said: “St Andrew’s Healthcare has delivered a strong track record of growth in recent years, demonstrating the strength of its balance sheet and its future potential. We are working closely with the management team to support the growth ambitions of the charity, which is a well-established and impressive enterprise in the healthcare sector.”

About Train4tradeSkills

Train4TradeSkills offer the only trade training skills courses that combine three great ways to learn, through a unique blend of book based theory, practical workshops and virtual reality PC based training, to help you qualify you as a plumber, electrician or gas engineer. No other learning provider offers our unique way to study, with full tutor support, easy to follow, step by step modules. Once you complete one part of the course and return your work for marking, the next stage of the course automatically follows. It’s as easy as that. It’s fun, it’s easy to follow... and it can be fitted around your existing work and family commitments!

Posted on October 24, 2012, in BBC, Building Construction Industry, Building Engineering Sector, Business, Construction, construction jobs, Employment, jobs, t4ts, Trades, train4tradeskills, Train4TradeSkills News and tagged , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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