A BUSINESS angel has touched a nursing home to give it wings.

Clitheroe-based Lancashire Nursing and Residential Homes have received a £60,000 investment to help to reopen Clitheroe Residential Home, Eshton Terrace, which has been in administration for a year.

Directors Colin Lucas and Andrew Hobson approached TEChINVEST -- a network which matches investors with businesses -- for help.

"The service we received from theTEChINVEST team was invaluable," said Colin. "Their adviser helped us to concentrate our thoughts on the business plan and produce a summary of the investment opportunity."

The details were circulated among investors and several expressed interest.

Colin said: "We selected the business angel best suited to our business needs and the investment deal was finalised very quickly."

TEChINVEST has helped North West firms raise £11million and unlock a fiurther £19million in additional funding since it was set up in 1992.

"This is just one of the many dozens of companies in our portfolio that have benefeuit from our adviusory service and is now well on the road to success," said Vivienne Upcott-Gill, TEChINVEST manager.