- Founded in 2009, Lovett Care specialises in offering residential, nursing and dementia care across England and Wales;
- The Group’s current portfolio now consists of 28 homes across the UK, offering over 1,800 beds;
- The bespoke loan from OakNorth will support Lovett Care’s acquisition of Belvedere Manor, an 84-bed purpose-built care home in Colne, Lancashire;
- Those aged 65+ in England and Wales is forecast to grow by a further 2.3m to 13.9m by 2031, highlighting the need for more specialist care homes[1]
London, 7 October, 2025: OakNorth, the leading digital bank for entrepreneurs, by entrepreneurs, has provided a bespoke loan to returning customer and award-winning care provider, Lovett Care.
Founded in 2009, Lovett Care operates a growing portfolio of modern, purpose-built homes providing residential, dementia, and nursing care. The group’s current portfolio now consists of 28 homes across the UK, offering over 1,800 beds. Lovett Care’s core focus continues to enable older people to keep living an active and enriched life, regardless of their needs.
The latest bespoke loan from OakNorth will be used to support the acquisition of Belvedere Manor, an 84-bed purpose-built care home, situated in the historic market town of Colne, Lancashire. The home, built in 2015, offers high-quality residential care, dementia support, and short-stay respite, for adults of all ages, including those living with physical disabilities and sensory impairments.
Keith Crockett, CEO of Lovett Care, commented on the transaction: “OakNorth has been an invaluable partner to us over the past two years. Its tailored funding solutions and sector expertise mean we can continue to expand with confidence, whether that’s through new developments like our Upland Manor site in Manchester or acquisitions such as Belvedere Manor. With their support, we’re able to realise the full potential of homes in our portfolio and provide even more residents with the high-quality care they deserve.”
Dale Cowdell, Director of Debt Finance at OakNorth, added: “Lovett Care has consistently demonstrated strong operational expertise and an ability to enhance performance across its homes. This latest transaction builds on our strong relationship with the group, which began in 2023, and now spans numerous transactions. We’re delighted to continue backing Lovett Care’s growth journey and play a role in expanding access to high-quality care across the UK, particularly as the UK’s ageing population highlights the critical need for more specialist care homes.”
ENDS
Notes to editors
[1] ONS – Subnational population projections for England: 2018-based
About OakNorth
Launched in September 2015 and founded by entrepreneurs, OakNorth is a digital bank focused on serving and empowering the lower mid-market (businesses with £1m-£100m in turnover), that are seeking to scale but are routinely underserved or overlooked by traditional banks.
To date, it has provided $18bn to these businesses across a wide range of sectors, achieving performance metrics that place it amongst the top 1% of commercial banks globally. Its loans have directly contributed to the creation of 61,000 jobs, and over 36,000 new homes across the UK and the US – the majority of which are affordable and social housing.
It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Visit www.oaknorth.co.uk for more information.
For press inquiries, please email: [email protected]
About Lovett Care
Visit www.lovettcare.co.uk for more information
[1] ONS – Subnational population projections for England: 2018-based