Homes fit for ageing - in practice Lex Cumber Business Development - - PowerPoint PPT Presentation

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Homes fit for ageing - in practice Lex Cumber Business Development Director October 2016 Offering smarter solutions Were specialists Customers value our advice - we share ideas and expertise Partnership is our M.O. 92% of

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Homes fit for ageing - in practice

Lex Cumber Business Development Director October 2016

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Offering smarter solutions

We’re specialists
Customers value our advice -

we share ideas and expertise

Partnership is our M.O.
92% of current projects are

from returning customers

Reputation is our currency

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What we do

Land finding and acquisition
Project feasibility
Demographic and care gap analysis
Planning management
Funding
In-house manufacturing
Design and build
Aftercare

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Some of our customers

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Delivering projects nationally

Healthcare Design Awards Finalist 2011 and 2016 Best Healthcare Project Finalist 2015 and 2016

Care Homes
Extra Care
Retirement Living
Care Villages
Specialist Care

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So, where’s the sector today?

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Demographic trends – driving future demand

United Kingdom 65 years and older population, 1901–2086

Source: Laing and Buisson, 2015. Care for Older People. UK Market Report and Update from HPC – Healthcare Property Consultants, 2015

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Some headline market numbers – UK housing stock

All housing stock – 23,000,000 units Sheltered/Retirement housing – 500,000 units

80% affordable rent/20% for sale

Care Home beds – 450,000 units Assisted Living – 60,000 units

80% affordable rent / 20% for sale Growth – approx. 10% per annum

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In 2011 only 1% of people aged 60+ moved

into retirement housing in the UK

In 2014 only 1,919 new retirement properties

were registered with NHBC

Source: International Longevity Centre – UK (ILC-UK) “Generation Stuck: Exploring the Reality of Downsizing in Later Life” 2014

Retirement Living is a matter of supply

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We are slow starters

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The sector is unbalanced

66% 10% 1% 15% 0% 8%

0% 10% 20% 30% 40% 50% 60% 70% Affordable rent Shared ownership Middle market rent Middle market purchase High end rent High end purchase

Approximately 60,000 units

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A sector in a state of flux

Social care sector is fragmented
Extra Care & new care models are on the march
There is a profound funding crisis
There is some great innovation
Social care is low on the political agenda

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Reasons to be cheerful

1, 2, 3

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Castleoak, as a canary in the coal mine? Turnover

FY2015 £50 million FY2016 £85 million+ FY2017 £80 million (already secured)

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We are seeing…

Significant expansion in the Private Extra Care Market
Strategic desire by the public sector to produce more Extra Care
Extra Care as the ‘profit for purpose’ vehicle of choice
RP and Not for Profit Sector leading in virtually all aspects
f provision…but
Lenders very keen to invest

Assisted living apartments for sale now on site by Castleoak at Princes Risborough for Anchor Trust

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Care sector development is steady
There’s a profound split between private pay & socially funded
A North / South divide
Care sector re-provision and refurbishment is a big topic
Real shortage of construction labour
Recruitment is the No.1 challenge for care operators

Retirement living apartments for sale now on site by Castleoak at Windsor View for Castle Retirement Living

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So, what do we need?

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A coherent Government strategy?

Government / planning recognition of a nuanced sector
C2 / C3 debate
Tax incentives to downsize
An objective debate about NHS budgets v. Social Care budgets
Political leadership on the longevity revolution
A cultural shirt in attitude towards ‘retirement living’

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Where’s the innovation?

Abbeyfield Winnersh care home – by Castleoak

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Intergenerational living homes More high rise social care Outsourcing of local authority care to ALMO More standardisation and off-site manufacture Smarter use

f ICT

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Let’s wrap it up

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Our sector is not

discretionary

There are a blend of

solutions to be enhanced, explored and devised

There is cultural

resistance to ‘retirement living’

An honest debate about

Social Care funding is desperately needed

Socially, the longevity

revolution is the most profound challenge of

ur age

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Question time

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Lex Cumber

Business Development Director

Email: lcumber@castleoak.co.uk Tel: 029 2054 8800