St Andrew’s Healthcare has agreed the funding package with Lloyds TSB for the 90-bed hospital.

Professor Philip Sugarman Chief Executive Officer at St Andrew’s said “In the last ten years we have completed a £200m programme of development and refurbishment across four sites, with our new units achieving high levels of occupancy.

“We have seen continuous growth and a recent sharp rise in market share.

“We are now ready to plan the next phase of growth, with new facilities for service users placed with us by our NHS customers.

“These developments will strengthen our position as the UK’s leading provider of specialist secure care and as the country’s only independent national teaching hospital.”