River Capital has completed a significant five-figure investment into Synergy Health, a thriving health and wellbeing clinic based in Kendal.
The funding comes from NPIF II – River Capital & GC Business Finance Smaller Loans, which is managed by River Capital & GC Business Finance as part of the Northern Powerhouse Investment Fund II.
The investment will enable Dr Christine Hagon, founder and owner of Synergy Health, to purchase essential clinical equipment. This state-of-the-art equipment will enhance the clinic’s ability to deliver professional, evidence-based healthcare services to those in Kendal and its surrounding areas.
Dr Hagon, who is a McTimoney Chiropractor with over 25 years of healthcare experience, opened the clinic in 2022 to combine her range of complementary treatments with those of other like-minded therapists. It provides a focal point within the local community for whole body health for patients and their animal companions.
The funding will also support job creation within the healthcare sector, with two new full-time positions to be created during the loan term.
Located at Bridge Lane, Kendal, Synergy Health operates from six treatment rooms offering a comprehensive range of services including chiropractic care, physiotherapy, reflexology, yoga therapy, oncology support, homeopathy, cranial sacral therapy, light therapy along with pregnancy and paediatric services.
The clinic has established a unique business model where healthcare professionals rent rooms on flexible terms, working as a team to create a collaborative environment that benefits both practitioners and patients.
On the investment, Dr Christine Hagon said. “This investment from River Capital comes at the perfect time as we expand our services and capacity. The new equipment will allow us to offer even better patient care and outcomes while creating new employment opportunities in our local community.”
Jonathan Nelson, investment manager at River Capital, commented: “Synergy Health perfectly exemplifies the type of innovative business we’re proud to support through NPIF II. Dr Christine’s vision of creating an integrated health and wellbeing centre that complements NHS services while providing high quality private care is exactly what communities like Kendal need.”
Sue Barnard, Senior Investment Manager at the British Business Bank said: “This investment reflects NPIF II’s commitment to supporting innovative businesses and female founders in all corners of the North, including more rural communities like Kendal. Synergy Health exemplifies how local entrepreneurs are creating businesses that have a real impact on health and wellbeing within their local communities, and we wish Dr Hagon the best.”
The £660m Northern Powerhouse Investment Fund II (NPIFII) covers the entire North of England and provides loans from £25k to £2m and equity investment up to £5m to help a range of small and medium sized businesses to start up, scale up or stay ahead.
The purpose of the Northern Powerhouse Investment Fund II is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the North of England. The Northern Powerhouse Investment Fund II will increase the supply and diversity of early-stage finance for the North’s smaller businesses, providing funds to firms that might otherwise not receive investment and help to break down barriers in access to finance.