Aviation funding for SERE Holdings

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Supporting British businesses

Our SME Lending team supported family-run business and Northern Ireland-based SERE Holdings to expand its provision of medical aviation transport services to the NHS and patients throughout the UK.

The acquisition of a Pilatus PC12 NGX enables 247 Aviation (part of the SERE Holdings group) to quickly transport organs and teams of medics and other healthcare professionals throughout the country.

We were pleased to work closely with SERE Holdings to understand what was needed, advise on the funding terms, and provide the best solutions to ensure the PC12 was available as soon as possible so it could start delivering essential services.

247 Aviation is a new company under SERE Holdings, established in 2020.

How we helped

We are part of something special and hope to continue to support patients in their times of need.

Claire Grist, FBO Manager for Jet Assist (SERE Holdings’ fixed base operator) said: “The acquisition of the PC12 is paramount to providing first class emergency care when it’s needed most, 24 hours a day, 365 days per year.

“We’re immensely proud to be able to support the NHS Blood and Transplant Transport contract as well as aiding in patient repatriation efforts. We are part of something special and hope to continue to support patients in their times of need.”

Alison Jones, Paragon Bank Head of Aviation, said: “I am tremendously proud of not only how quickly we were able to provide the funding for the PC12, but also the exceptional work it is doing throughout the UK supporting the NHS and patients at their time of greatest need.”

Thanks to the addition of the PC12, 247 Aviation’s Air Ambulance Service fleet is also now capable of providing specialist transport worldwide, including the recent repatriation of a patient from Portugal to the UK. 

Find out more about how we can support your business on our Asset Finance page.

Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551