Birkenhead-based domiciliary care company, House of Care, has secured a £25,000 investment from NPIF II – River Capital & GC Business Finance Smaller loans, which is managed by River Capital & GC Business Finance as part of the Northern Powerhouse Investment Fund II (NPIF II).
Founded in 2022 by experienced care professional Madalina-Maria Paraia, House of Care aims to address the growing demand for high-quality domiciliary care services in the Merseyside and Cheshire regions.
The company recently obtained its Care Quality Commission (CQC) certification, allowing it to offer services to NHS Continuing Healthcare, Clinical Commissioning Groups, and Social Services.
The £25,000 investment from River Capital will provide crucial working capital to support House of Care’s expansion plans, enabling the company to take on additional care contracts and create multiple new full-time equivalent jobs in the region over the next two years.
The £660m Northern Powerhouse Investment Fund II covers the entire North and provides loans from £25k to £2m and equity investment up to £5m to help a range of small and medium sized businesses to start up, scale up or stay ahead.
Sue Chambers, Investment Manager at River Capital, said:
“We are delighted to support House of Care with this investment from NPIF II. Madalina’s extensive experience in the care sector, combined with her commitment to providing person-centered care, positions House of Care to make a significant positive impact in addressing the shortage of domiciliary care services in the area.”
Madalina-Maria Paraia, founder of House of Care, commented:
“This investment from River Capital comes at a crucial time for our business. With our CQC registration now in place, we are poised for growth. The funding will allow us to expand our team of carers and take on more clients, helping to reduce the backlog of individuals waiting for care packages in the Wirral area.”
Sue Barnard, Senior Manager at British Business Bank, said:
“NPIF II provides businesses with crucial access to finance to accelerate them on their growth journey. Not only will this investment create jobs in the Liverpool region, but it also backs a female-founder as well, which is fantastic to see. The North is filled with ambitious entrepreneurs and this deal showcases the impact that funding can have on business growth.”
The investment in House of Care aligns with NPIF II’s mission to support early-stage businesses in the Northern Powerhouse region, creating jobs and driving economic growth. It also addresses a critical social need by improving access to high-quality domiciliary care services for vulnerable individuals.