Alternative lender ThinCats has provided a multi-million pound facility to fund a shareholder buyout at children’s residential care group Inspire Scotland.
Established in 2012, Inspire Scotland provides residential care and is registered on the National Framework for Children’s Residential Care and Education Services.
With more than 11 homes across Scotland, the business champions a modern approach to residential care based on principals of social pedagogy.
The latest transaction represents ThinCats continued support for the business, having provided growth capital in 2020 to secure a number of additional sites.
Connor Martin, director at Inspire Scotland, said: “We are dedicated to securing the futures of all the children and young people that come into our care.
“The funding from ThinCats gives us even greater control over our own destiny and we are grateful to Richard and the team for their continued support.”
Richard Henshaw, director for national healthcare at ThinCats, added: “This recent transaction represents our belief in the vision and strength of the management team at Inspire.
“They have big plans for the future and we are delighted to be on that journey with them.”
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