What We Do?
FINCCH was established to support the growth of the charitable care sector in the UK by:
- Attracting long term funds to the sector.
- Marketing CCIF and identifying lending opportunities among care charities.
- Working with trustees and advisers to prepare applications to be submitted to the CCIF Investment Committee.
- Maintaining contact with CCIF borrowers to monitor the repayment of loans and where necessary, arrange for assistance for trustees to address key issues.
- Carrying out research on the socio-economic contribution of care charities.
FINCCH has partnered with Tower Gate Capital Limited to form a fully regulated and AIFM compliant fund management team to manage CCIF. FINCCH will also help Care Charities in other countries, such as Ireland, to secure long term funding from local and international sources.
Although CCIF exists to support charities, it is not itself a charity.
Loans are available for up to 80% of the available security. They can be used for all aspects of the project – extensions, site purchase, and construction – as well as for refinancing existing loans.
The loans from CCIF:
- Can be repaid over an extended period, typically 15 to 20 years
- Are priced at a small margin over the UK gift rates
- Have a low management fee over the cost of funds
- Can have a grace period on capital repayments of 24 months
- Are secured on cash flows from the residents, on specific assets and by operating covenants.
Loan covenants cover such topics as maintaining a High Quality home, achieving an appropriate minimum level of occupancy, following best management practice in all aspects of the home, and providing CCIF with a reasonable flow of information.
Who We Are
Mike Hoyle (CEO)
Mike spent six years as a trustee at an Abbeyfield Society in Surrey, including two years as the SE Regional Strategic Head for the (national) Abbeyfield Society. This followed a career in management consultancy. He has extensive experience of real estate development involving hotels, care homes, hospitals and other developments.
Dermot Bates (Executive Director)
Dermot is a vastly experienced business professional and a former PwC partner. He has significant property experience including raising funds for urban renewal programmes in the UK, Ireland, Spain and Portugal, working together with Inner City Enterprises and local government (Ireland, UK, Portugal).
Professor Clive Bowman (Chairman)
Clive has extensive experience of ageing, the medicine of later life and housing, care and support. Following experience with the charity Brunelcare he became the executive medical director for Bupa’s Care Services and then responsible for Bupa’s aged care interests internationally. Presently, he has a portfolio of NED roles and is chair of Invatec Health and has an honorary visiting chair at City University, London.
Mark Fox (Non-Executive Director)
Mark has spent more than 30 years in finance, in his final role was Global Head of Investor Distribution and Managing Director of ICBC Standard Bank. A former Board member of the Emerging Markets Trade Association and Advisor to the Giovannini Commission and a member of the UK and European Bond Commissions. He has chaired a charity with a £3.5mn turnover and acted as Strategic Advisor to two others.
Is a property development professional with over 20 years care sector experience, including 6 years working with a major charity providing care and support to older people. He is a Chartered Surveyor and a Chartered Engineer, and was previously a partner at Cluttons, Chartered Surveyors.