All agreed loans

Finland. Kauhavan Hyvinvointikeskus Oy

Date of agreement: 2 Sep 2021
Country: Finland
Customer: Kauhavan Hyvinvointikeskus Oy
Amount in EUR: EUR 9 million
Maturity: 22 years
NACE sector / loan type: Health and social work

Project

The loan has been granted to finance the construction of a new wellness centre in Kauhava, Western Finland.

The new building will centralize social and health care services currently operating in 14 different locations under one roof. The centralization will improve operational efficiency and service quality as well as lead to cost savings.

The construction is scheduled to be completed in August 2022. Total project costs amount to approximately EUR 18 million.

Kauhavan Hyvinvointikeskus Oy is a limited company fully owned by the municipality. It was founded in 2019 to build, own and maintain the new wellness centre. Kauhava is a municipality of around 16,000 inhabitants located in Southern Ostrobothnia, Western Finland.

Fulfilment of NIB's mandate

The investment is one of the largest for the municipality in recent decades. It will centralize most of the social and health care services operations in one building, reducing health care costs, increasing operational efficiency and improving the quality of services.

The demand for social and health care services in the region is estimated to increase significantly in the coming years. The investment therefore should alleviate financial and healthcare challenges.

Impact indicators in relation to the project:

  • Investment costs
  • Dependency ratio of Kauhava
  • Share of population aged over 65
  • Staff in the new healthcare centre
  • Population affected
  • Population increase

Sustainability summary

The building is designed to meet the requirements of the Finnish energy performance standard. The project is not assessed to have any significant negative environmental or social impacts.

Press release

NIB rahoittaa uutta hyvinvointikeskusta Länsi-Suomessa

 

Press release

NIB finansierar ny hälsocentral i västra Finland