Liverpool city region domiciliary care company House of Care Secures £25,000 loan via River Capital to support its expansion plans. Tony McDonough reports

Birkenhead-based domiciliary care company House of Care has secured a £25,000 loan to expand its services in Liverpool city region and Cheshire.

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.

This new cash has come 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).

The loan is also the first deal completed by River Capital in Liverpool city region since the launch of NPIF II in March. 

House of Care recently obtained its Care Quality Commission (CQC) certification, allowing it to offer services to NHS Continuing Healthcare, clinical commissioning groups, and social services.

It will use the £25,000 from River Capital to provide working capital to support its 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.

Madalina-Maria Paraia said: “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.”

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The £660m Northern Powerhouse Investment Fund II covers the entire North and provides loans from £25,000 to £2m and equity investment up to £5m to help a range of small and medium sized businesses.

Sue Chambers, investment manager at River Capital, added: “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.”

The investment in House of Care aligns with NPIF II’s mission to support early-stage businesses in the Northern Powerhouse region.