Specialist Care Provider Forge Care Secures Seven-Figure Investment to Develop Therapeutic Community for Children

About Forge Care Forge Care is a specialist therapeutic community for children recovering from early, traumatic life experiences, disrupted attachment, adversity, or disruption to their development. It was founded in 2020 by the Miller family, headed by chief executive Gavin Miller and Operations Director Dave Hughes. The company is based in Nuneaton which will also be the location of its first therapeutic community before seeking further sites across the country. These homes will be an alternative to the model currently used by residential care registered with Ofsted and local authorities by only operating from purpose-built sites which create a community in and of itself, rather than expecting children to integrate into residential areas. There are approximately 90,000 children and young people in residential care in the UK, with a new case roughly every 80 minutes. Depending on the needs and behaviours of each child admitted, there are multiple providers of residential care that operate from converted houses in established residential communities. These settings simply do not enable the level of individual care required to help children with severe early-life trauma. Forge Care is changing this model and creating an opportunity where none like it has existed. Forge Care’s fully therapeutic experience uses a set of practical interventions that reinforce the language and philosophical underpinnings of the model. These tools are the daily practices for both children and staff that support Forge Care’s creation of a trauma-informed culture. Guiding and supporting children in building trust in themselves and in others, as well as belief in and skills for their future. The model of care is based on neuro developmental, trauma-resolution principles and positive attachment practices and is framed by the Sanctuary Model®. The homes will provide a safe and secure place for children who have had to survive inadequate and harmful environments and/or unsupported neurodiversity (ASD, ADD, ADHD, ODD, PDA), through various unconscious strategies, including dissociating and disconnecting from themselves and others, distrusting others and rejecting their own and others’ vulnerability. Providing children and caregivers with a sustainable, positive environmental influence, shaped by the complex needs of trauma recovery. The therapeutic community is a healing environment that has a powerful impact on the daily lives of all its members. Learn more about Forge Care’s objectives and team members in the 2022 Prospectus. About Midven For more than 25 years, leading Birmingham-based venture capital firm Midven has been supporting Midlands SMEs, investing more than £60m into the region and raising £200m co-investment into its portfolio. Midven’s ‘more than money’ approach helps to build strong and successful companies and support businesses every step of the way. Midven continues to extend its reach to invest in the Midlands’ most ambitious entrepreneurs through its appointment to manage the £40 million equity portion of the Midlands Engine Investment Fund (MEIF), as well as the launch of the firm’s first Enterprise Investment Scheme (EIS) fund. Midven was acquired by Future Planet Capital in April 2021. For more information about Midven, please visit www.midven.co.uk. About Future Planet Capital Future Planet Capital Limited is a global venture capital and impact investor, connecting the world’s largest investors to the best minds in order to address global challenges. The firm is focused on providing growth capital to leading entrepreneurs and businesses from the world’s top universities and has deployed over $100M on behalf of institutional investors to date. Future Planet Capital’s goal is to profitably solve the world’s greatest challenges in climate change, education, health, sustainable growth & security. For more information about Future Planet please visit www.futureplanetcapital.com. About the Midlands Engine Investment Fund (MEIF) The Midlands Engine Investment Fund will invest in Debt Finance, Small Business Loans, Proof-of-Concept and Equity Finance funds, ranging from £25,000 to £2m, specifically to help small and medium sized businesses secure the funding they need for growth and development. The Midlands Engine Investment Fund is operated by British Business Financial Services Limited, wholly owned by British Business Bank, the UK’s national economic development bank. Established in November 2014, its mission is to make finance markets for smaller businesses work more effectively, enabling those businesses to prosper, grow and build UK economic activity. The Midlands Engine Investment Fund is supported by the European Regional Development Fund, the European Investment Bank, the Department for Business, Energy and Industrial Strategy and British Business Finance Limited, a British Business Bank group company. The MEIF covers the following LEP areas: Black Country, Coventry & Warwickshire, Greater Birmingham & Solihull, Stoke-on-Trent and Staffordshire, The Marches, and Worcestershire in the West Midlands; and Derby, Derbyshire, Nottingham & Nottinghamshire (D2N2) Greater Lincolnshire, Leicester & Leicestershire, and South-East Midlands in the East and South-East Midlands. The project is receiving up to £78,550,000 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The programme will continue to run until the end of 2023. The Ministry for Housing, Communities and Local Government is the Managing Authority for the European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit www.gov.uk/european-growth-funding. The European Investment Bank is providing £122,500,000 to support the Midlands Engine Investment Fund. This follows backing for the Northern Powerhouse in 2017 and backing for the newly launched North East Fund. For further information visit www.eib.org The funds in which Midlands Engine Investment Fund invests are open to businesses with material operations in or planning to open material operations in the West Midlands and East & South-East Midlands. The British Business Bank has published the Business Finance Guide (in partnership with the ICAEW, and a further 21 business and finance organisations). The guide, which impartially sets out the range finance options available to businesses and provides links to support available at a regional level, is available at https://thebusinessfinanceguide.co.uk About the British Business Bank The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to make finance markets for smaller businesses work more effectively, enabling those businesses to prosper, grow and build UK economic activity. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government. The British Business Bank’s core programmes support nearly £8bn of finance to almost 94,800 smaller businesses. Since March 2020, the British Business Bank has also launched four new Coronavirus business loan schemes, delivering almost £73bn of finance to around 1.6m businesses. As well as increasing both supply and diversity of finance for UK smaller businesses through its programmes, the Bank works to raise awareness of the finance options available to smaller businesses. The British Business Bank Finance Hub provides independent and impartial information to businesses about their finance options, featuring short films, expert guides, checklists and articles from finance providers to help make their application a success. In light of the coronavirus pandemic and EU Exit, the Finance Hub has expanded, and it now targets a wider business audience. It continues to provide information and support for scale-up, high growth and potential high growth businesses, but now provides increased content, information, and products for businesses in survival and recovery mindsets. The Finance Hub has been redesigned and repositioned to reflect this, during this period of economic uncertainty. British Business Bank plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. It is a development bank wholly owned by HM Government. British Business Bank plc and its subsidiaries are not banking institutions and do not operate as such. They are not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). A complete legal structure chart for the group can be found at www.british-business-bank.co.uk.