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Award-winning care provider, Lovett Care, to develop major new purpose-built site in Manchester, following loan from OakNorth
Founded in 2009, Lovett Care provides high quality residential, dementia and nursing care in the North West and Wales; The Group’s current portfolio consists of over 500 beds, with the past three years having seen the business grow to nine homes; The bespoke loan from OakNorth will support Lovett Care’s latest purpose-built care home, situated […]
OakNorth welcomes Lord Adair Turner as its new Chairman
The appointment will strengthen its ambitious growth plans through Lord Turner’s extensive experience and expertise across financial regulation, banking, and climate change. LONDON, 27 December 2023: OakNorth – the neobank for entrepreneurs by entrepreneurs, today announces the further strengthening of its board with the appointment of Lord (Adair) Turner, as its Chairman. Lord Turner has […]
OakNorth lends £29m to joint venture between ALMCOR and Cerberus to support their acquisition of two UK sites
Following its launch in 2022, the joint venture has €500m of allocated capital to deploy in target markets across the UK and Europe; The loan from OakNorth will support the acquisition of two UK sites in Lancashire and Leicestershire; The acquisitions will be part of the joint venture’s European Industrial Outdoor Storage (EIOS) platform. OakNorth, the […]
Mayfair Group Investment to develop new state of the art, purpose-built medical centre in Leeds following £3m loan from OakNorth
Founded in 2012 by Rohin Dhand, Mayfair Group Investment is a leading developer, investor, and manager of healthcare, commercial, and residential properties; Headquartered in central Leeds, the group has completed multiple medical centre projects to date that are built with patients in mind; The loan from OakNorth will be used to develop the group’s new […]
ASK and OakNorth mark first anniversary of corporate partnership
LONDON, November 2023: One year ago, OakNorth – the UK neobank for entrepreneurs by entrepreneurs, acquired a 50% stake in ASK Partners (“ASK”), a specialist lender which has now enabled over £1.4BN of lending through its fintech platform where institutional partners, family offices, and high net worth individuals provide funding. The transaction formed a corporate […]
Small but mighty: Scale-up firms make up just 1% of SMEs, but contribute £500b to the UK economy
Wednesday 8th November 2023, London, UK: OakNorth, the neobank for entrepreneurs, by entrepreneurs, has today published new research with the Social Market Foundation, a cross-party think tank, revealing the outsized impact of scale-up businesses1 on the UK economy by region, country, and sector. Small but mighty The new report, titled ‘The Scale of the Opportunity’, follows the recent publication of ‘Full […]
