Rick Kaul purchased Supreme Home Care in Telford to become one of the first applicants to successfully receive investment from the newly formed West Midlands arm of UKSE.

In total, 130 jobs have been safeguarded, with a potential to create an additional 50 new roles following the acquisition.

Covering Shropshire, Telford, Newport and surrounding areas, Supreme Home Care, which is based in Pearson Road, Telford, provides emergency, rehabilitation and long term care to adults with a wide range of physical and mental needs, as well as respite at home support.

Providing strategic loan and equity packages of up to £1m to generate growth, UKSE’s West Midlands team create local job opportunities and bolster the economy by supporting SMEs across Birmingham, the Black Country, Coventry, Staffordshire and Telford.

In addition to the £200,000 UKSE funding, a further £150,000 was provided to support the purchase by West Midlands and Wales based lender BCRS Business Loans.

Welcoming the investment, Rick Kaul commented: “Supreme Home Care is a successful business providing high quality at home care services to adults in the region.

“I plan to create additional job opportunities as we expand into complex critical care support and specialised care for adults and children.

“In addition, we will be working with Telford College to provide level 3- level 6 health and social care apprenticeships.

“I would like to take this opportunity to thank UKSE and BCRS Business Loans for their support.”

UKSE area manager Steve Grice commented: “We are proud to announce Supreme Home Care as one of our first investment deals for the newly formed UKSE West Midlands team.

“Supreme Home Care is a strong example of a growing company that is sustaining valuable jobs and strengthening employment in the region.”

Stephen Deakin, Chief Executive at BCRS Business Loans, said: “We are so pleased to have delivered the funding together with UKSE to safeguard and create future jobs. As a lender that delivers funding for intentional social and economic impact, it is great news that the funding will secure the future of Supreme Home Care.”