Newspaper article Evening Gazette (Middlesbrough, England)

Raj Expands His Care Home Empire

Newspaper article Evening Gazette (Middlesbrough, England)

Raj Expands His Care Home Empire

Article excerpt

ENTREPRENEUR Raj Singh is expanding his care home empire with a pounds 7.5m development in Ingleby Barwick, creating up to 60 jobs.

To be built near Tesco supermarket, the scheme will be the 11th care facility operated by Mr Singh through his Stockton-based Prestige Group.

The company, which is aiming to double turnover to pounds 60m, has also completed land purchase deals for two other schemes - a 74-bed mixed-care facility in Hull and an pounds 11m care village in Nuthall, near Nottingham.

However difficulty in securing investment has put the projects on ice.

Construction has started on the 75-bed Ingleby Barwick home, which will include a doctors' surgery and a children's day nursery and is expected to open early in 2010.

Andy Wilson, Prestige's recently appointed finance director who previously spent 40 years with NatWest/Royal Bank of Scotland, said demand for care homes continued to grow despite "real" difficulties in securing funding for building projects. …

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