On a day that Southern Cross announced it will be transferring all its homes to other providers and closing its business, it’s a worrying time for thousands of people in care homes.
The Guardian reported last week that firms offering residential care for vulnerable people are going bust in a perfect storm of cuts to local authority budgets, changing purchasing and commissioning behaviour and increasing operating costs. Insolvencies were up 50% in the first six months of this year amidst concerns that the quality of care and support offered to vulnerable people might suffer.
The report brings into sharp relief the pressures highlighted in the recent Laing and Buisson study into care and support arrangements for people with learning disabilities. The report, commissioned by the Department of Health, set out the reasons why residential care home businesses are starting to fail and why they are finding it difficult to re-invest in modernised housing and support services. Chief amongst the barriers to re-investment identified in the report is the critical shortage of decent and affordable housing options for disabled people.
Our Buy to Help proposition has been specifically designed to help social care and support businesses re-invest in modernised services for people with learning disabilities by helping them to secure a home of their own. It offers businesses:
- An annual return of 6.5% on capital invested in housing for disabled people
- A secure and regular income stream
- Exposure to long term residential property growth
- No rental void risk
- The opportunity to win new care and support work
Disabled people get:
- A secure home for life
- Instant deliverability
- Choice about where to live
- Affordability within mainstream welfare benefits
If you’re considering re-investing in modernised housing and support services for your existing customers, or you want to win new business, Buy to Help might be the answer. For further information, please contact us.
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