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Story: Loan

Magpas Air Ambulance

Fund: Recovery Loan Fund
Type: Loan
Location: East of England
Date: May 2023

Key achievements:

  • Invested in new purpose-built facility

Magpas Air Ambulance used the Recovery Loan Fund (RLF) to invest in a purpose-built facility and land to construct it on.

Social Impact

When you’re critically ill or injured every second counts and for some patients their needs are so great that they cannot wait for an ambulance to take them to hospital. Often, their life and future recovery relies on specially trained doctors and paramedics bringing treatments and procedures usually only found in an A&E department to them.

Magpas Air Ambulance responds to an average of four emergencies a day, across Cambridgeshire, Bedfordshire and the East of England. Its helicopter can reach speeds of 160 miles an hour and fly directly to the scene of an accident, usually arriving within 10 minutes. A critical care doctor is then able to provide lifesaving treatments, such as anaesthesia and emergency surgical procedures, many of which cannot be carried out by land ambulance paramedics.

HRH The Princess Royal unveils plaque for new Magpas base
HRH The Princess Royal unveils plaque for new Magpas base

How we helped

Magpas has leased its airbase for several years. The buildings are old and inefficient, so running and maintenance costs are high. Plus, the airbase is separate from the charity’s headquarters. When the airfield was earmarked for a housing development, the charity decided it was time to invest in a purpose-built development. It found the ideal site, a former police dog training centre with good road links (40% of call-outs require emergency response vehicles). The charity was able to secure a grant to buy the land and is part funding the development with a £2.5m Charity Bank loan and £1.4m loan from the SIB Recovery Loan Fund.

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It’s incredibly exciting to see, what has been a plan for a very long time, finally come to fruition. The loan funding from Social Investment Business contributed hugely to help complete building works for our new, purpose-built airbase and headquarters. Magpas Air Ambulance has treated over 70,000 patients in the past 50 years, and this new building will be fundamental to our service going forward saving thousands more lives and keeping families together for generations to come.”

Daryl Brown MBE
CEO of Magpas Air Ambulance

The Magpas Air Ambulance

What was the outcome?

Magpas’s new airbase will allow the service to continue operate 24/7 providing lifesaving services to the people of Cambridgeshire, Bedfordshire and the East of England. Back in May 2023 The Princess Royal unveiled the cornerstone for new Magpas base and returned to official open the site in September 2023. The new build will be far more economical to run, especially as the airbase, training centre and offices will all be in one location. In total, the charity expects to save around £100,000 a year, which will more than cover the loan repayments. More importantly, the new location should help Magpas to reduce response times even further. Magpas also plans to increase the training it provides, including teaching members of the community CPR. And it will be able to improve staff and volunteer facilities, helping to attract the best candidates for vacancies. In short, the move will mean Magpas can save even more lives.

Find out more about the Recovery Loan Fund.

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Learn more about SIB

Learn how where we started, who we are, and how we’re making a difference through social investing

Learn more about us