Facebook - Birmingham Business Twitter - Birmingham Business Instagram - Birmingham Business
https://www.artorius.com https://www.gbslepgrowthhub.co.uk

Retirement living apartments on the way

A West Midlands charity which provides accommodation for retired people has secured funding to develop retirement living apartments in Birmingham.

Michael Blanning Trust Housing Association Ltd will be using the funding to develop 72 apartments in the Moseley area of the city.

The Trust was set up by Mr and Mrs Reginald Blanning as a charitable trust in 1973, in memory of their son Michael who died in a motor accident in 1968. Today the Trust and Housing Association manages three retirement sites across the Midlands including Balsall Common, Moseley and Knowle in Solihull.

Board chair Keith James said: “There continues to be a real shortage of accommodation for retired people, and the Government are keen to address the issue which, as we all know, has an impact on loneliness and ultimately NHS resources.

“This exciting development will offer quality accommodation to retirees in the Moseley area and will include facilities such as multi- functional communal spaces, café bar/restaurant and facilities providing opportunities to enhance the health and wellbeing of the residents.

Additional funding has been provided by Homes England via their Home Building Fund.

Michael Blanning Trust Housing Association is a longstanding client of Barclays. Daniel Whiting, relationship director at Barclays, said: “We are proud to work in partnership with Home England supporting a local charity with a highly experienced board to deliver a high quality retirement scheme to the area of Moseley, Birmingham."

Brian Burt, senior transaction manager at Homes England, said: “Despite the current challenges affecting the country, accelerating housebuilding remains our number one priority.

“We are proud to collaborate with Barclays to deliver the critical mezzanine funding to unlock the site. Homes England is committed to supporting SMEs and this funding helps to diversify the market and enables MBTHA, an established SME retirement home operator, to further its charitable activities and growth ambitions. We are excited to be involved in delivering new sustainable homes for an older demographic where there is growing demand.”

Work on the scheme is expected to be completed by Spring 2023.

Pictured: from left, Brian Burt (Homes England), Rob Kennedy (Michael Blanning Trust Housing Association Limited), Daniel Whiting and Steve Thomas (Barclays)

https://www.artbusinessloans.co.uk

New £100m debt fund launched

Support on offer for SMEs that need flexible funding

29th October 2020

New loan fund unlocks £40 million

Small businesses across the Midlands will benefit

28th January 2020

Warning over flat pack homes

Lawyer says buyers run the risk of unidentified defects

3rd December 2019

Nicola takes on ARL chair

Association represents build to rent sector

11th June 2024

Funding brings support for SMEs

Unity Trust Bank initiative will help businesses struggling during pandemic

15th May 2020

New investor focuses on SMEs

Inspirit Capital identifies Midlands opportunities

11th December 2019

Help where it's needed

Support measures in place for impacted customers

30th June 2020

Charity gets a £10k boost

Property company raises key funds with challenge

7th May 2021

Barberry will deliver manufacturing site

Company chosen as preferred developer

14th October 2020

Funding package helps young offenders

Pioneering initiative in Birmingham will help break the cycle of re-offending

21st January 2021

MEIF invests £100m in small businesses

Fund has supported 350 firms across the Midlands

6th April 2021

New chair for Birmingham Museums Trust

Former UK Athletics chief takes up new role

27th February 2020

Shopfitters make generous donation

Anniversary gift will secure future for community hub

6th December 2019

Residential architects open new studio

City move follows record-breaking month

5th March 2021

Barclays names new head of corporate banking

Expert will lead the Midlands team

4th August 2020