SOCIAL RESPONSIBILITY, EXCELLENCE IN UK CARE INDUSTRY
Property in the care industry has long been a popular and profitable asset class for institutional investors, however this new model – allowing the purchase of individual rooms within a care establishment makes for a lucrative and affordable opportunity for individual investors.
Our care home investment opportunities are meeting a growing demand for high quality nursing and dementia care facilities across the UK. Demand for UK care home spaces is expected to increase by at least 40,000 new places by 2020, and with much of the existing stock substandard, it is clear that the need to the investment is great.
What Newton Manor Care Home is able to offer is greatly needed within the UK especially within this area, with the need undoubtedly continuing to grow rapidly over the years to come. Demand for care homes is expected to increase 60% by 2023 and 150% by 2043 due to an ever ageing population.
The Greater Manchester area comprises a total of 2,682,528 people, of which 389,789 (14.5%) are over the age of 65. This figure is anticipated to increase slowly until the end of the decade, and then grow rapidly to the end of the 2020s with an average growth of 1.8% per year.
The majority of people living in residential or nursing homes are permanent; a sizeable number of older people already living in care homes may live for another 10 to 15 years. With an increase of elderly people in the population and people living longer on average, this is expected to put an added pressure on local services and generate additional demand for new, high quality care facilities with a dedicated team of care professionals.
CARE HOME INDUSTRY
As a country, the UK is ageing; care for the elderly already generates an income in excess of £14.5 billion for the UK economy every year, the majority being funded by the government. Estimates from the Office of National Statistics (www.ons.gov uk) suggest that 1 in 4 people will be aged 65+ by 2050, representing a 56.3% increase from 2012.
With government contracts and long leases with entities like the NHS the care home industry is ripe for investment as is expands to cater to the demands of the population. Investors can take advantage of the relatively low risk investment to balance out their portfolios.