Established in 1954 and run as a Charitable Trust, Ifield Park Care Home (IPCH) provides nursing, residential and day care facilities for up to 73 people on its 3.5 acre site west of Crawley.
IPCH has a reputation which is second to none. It has held the Care Quality Commission’s highest standard award since 2006 and continues to receive industry accolades and awards as well as the heart-felt thanks of the families and friends of its residents.
Offering service and care of this standard, it is little wonder that IPCH has a continuous waiting list which why a plan to expand the home and build another 20 rooms was approved by the Trustees.
Financing the new development needed IPCH to reorganise its existing funding and supplement this with new bank finance, and EMC’s Terry Rainback worked closely with IPCH to enable the development to commence in spring 2015.
Terry commented: “The team at IPCH had done an excellent job preparing and assembling the plans for the new bedrooms and facilities. Arranging an appropriate funding structure and bank finance was the final piece in the jigsaw. There was a lot of interest from the banking community to support the IPCH project, and eventually a £2.75m development loan and mortgage finance package provided by Barclays Bank was the most suitable.”
IPCH’s Chief Executive Jo Stovold has seen the commitment and dedication of her team provide the backbone to what IPCH has become and is looking forward to being able to extend the help and support they provide with the new rooms and facilities.
She said: “Seeing our plans and dreams for growing IPCH come to fruition is very exciting. The steps through the financial minefield were something that we knew we would need help with, and bringing Terry on board when we did proved to be just what we needed to reach a successful conclusion. The financial structure that we have agreed with Barclays and the relationship that has already developed with their specialist team is definitely going to help us through the two year build programme and beyond.”
Terry added: “In recent years I think we have all become very aware of the need for quality, caring support services for the elderly and it has been a pleasure to help IPCH extend what they do in Crawley as a not for profit Charitable Trust. I am sure that this latest development will see the success story continue for Jo and her team.”
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