St Andrew’s receives £52.5m bank funding

St Andrew’s Healthcare has received £52.5m of funding from Lloyds TSB which will allow it to develop brand new facilities at its Northampton base. The deal, agreed last month, will allow the mental health charity to build a 90-bed psychiatric hospital and provide secure accommodation for a number of new services. It will also allow for the expansion of existing services on a national scale. Professor Philip Sugarman chief executive officer at St Andrew’s said: In the last ten years we have completed a £200m programme of development and refurbishment across four sites, with our new units achieving high levels of occupancy. We have seen continuous growth and a recent sharp rise in market share.