What is an Assisted Living Scheme?
Assisted living schemes typically attract customers who are already living in the area and require a fit for the future and purpose-built home, but do not have a high enough care need to move into a care home. This model is especially attractive to those with a low or no care need at occupation, but foresee a likely need in the future. The development will include design features found in Assisted Living schemes to enable residents to live independently in their own homes but with care and wellness services provided to residents when they need it.
There is an abundance of available evidence which confirms that Assisted Living schemes reduce the impact on Adult Social Care Teams for revenue funding, and costs to customers both because the residents typically already reside in the local area, and because customers will apply for a direct payment (if eligible) as their needs necessitate, rather than a block care contract.
The “shared ownership” product widens choice and provides an affordable offer for downsizing for owners of existing properties. For this cohort, downsizing can enable them to increase their savings and release equity, to spend on their own care and support costs, so that they can be ‘self-funders’ for longer, reducing the financial impact on social care funding.
It also reduces the impact on the NHS, due to the inclusion of ‘preventative services’ that enable older people to live independently for longer, which directly benefits mental and physical wellbeing.
In our experience, when our customers move into our fit-for-purpose accommodation, they are typically releasing under-occupied family housing back into the market – an additional social benefit.