OakNorth Bank completes bespoke funding framework with the UK’s leading specialist care home developer, LNT Care Developments, to develop up to eight new carbon-zero care homes.
OakNorth Bank, the neobank for entrepreneurs, by entrepreneurs, has provided a bespoke loan to LNT Care Developments (LNT), the UK’s leading developer of purpose-built residential care homes.
The bespoke loan from OakNorth Bank will be used to develop up to eight new carbon-zero care homes at the centre of local communities across the UK. Each site will also include the latest in sustainable technologies, such as geothermal heat pumps, battery technology to maximise stored energy, as well as solar panels and underfloor heating for maximum efficiency and resident comfort.
About LNT Care Developments: Founded by Lawrence Tomlinson, LNT launched in 1988 and developed its first purpose-built care home in 1991. Since then, the business has developed over £3.2b of real estate assets, including over 200 care homes across the UK, providing more than 12,500 beds to the UK’s ageing population. Headquartered in Garforth, West Yorkshire, LNT is led by a dynamic and progressive management team and is pioneering a new generation of carbon-zero care homes, with its care home sites already achieving ESG targets that aren’t required until 2030.