Dolphin Homes secures £2m funding

Care provider Dolphin Homes has secured a further £2m from investor BGF to pay for the building of two care homes in Hampshire.

BGF invested £3.3m into Dolphin in 2017 to fund the roll out of care properties, as well as support for existing homes.

The £2m will be used to build the two properties to provide care to more residents on the south coast.

‘The foundation of our business is to provide the best quality care and support for residents, supporting them to live as independently as possible and providing them with a relaxed and comfortable environment to do so,’ said Nick Heather, Dolphin Homes chief executive officer. ‘We’re proud of the business we’ve built and with BGF’s continued funding and support, we’re looking forward to reaching more young adults that need our services.’

Greg Norman, investor at BGF, added: ‘Nick and the team have great ambitions for the growth of the business, as well as an unwavering commitment to providing high-quality care for the residents they support. We’re pleased to continue as a long-term investment partner, supporting the team and providing funding for this next stage of growth.’

Law firm Coffin Mew were advisors to BGF on the transaction and Dolphin Homes were advised by Paris Smith.

Founded in 1988 and based across West Sussex, Hampshire and Surrey, Dolphin provides care and support for young adults with learning difficulties, challenging behaviour, physical disabilities and other complex health needs in 12 homes.