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Innovations in Extra Care Tenure options, financial choices and services.

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Presentation on theme: "Innovations in Extra Care Tenure options, financial choices and services."— Presentation transcript:

1 Innovations in Extra Care Tenure options, financial choices and services

2 Jane Barker Group Director – Retirement Living at MHA About Us Simon Greenstreet Customer Partnerships Director at Castleoak

3 From extra care to Assisted Living Innovating in extra care

4 Retirement living with care Basic rent, service charge and wellbeing fee Additional care fee Rent, part or full ownership tenure options Traditional care model A genuine alternative to a care home One comprehensive all inclusive fee Additional care fee Rent, part or full ownership tenure options MHA’s Assisted Living

5 MHA’s Assisted Living – a menu of services

6 Capital Costs Development funding via Bank (no grant) Apartment Costs Sale – market value Rent – 6% unsold equity value Service Charge Typically £40 per week Well being Charge £60 per week (single) £90 per week (double) Meals Package £70 per week or £50 per week Furniture Package £16 per week (or purchase) Hourly Care, Domestic Services etc. c.£14 per week (location sensitive) Financing

7 Key considerations Care packages and service options Staff Technology Interior design, including lighting Building design Dementia care through Assisted Living

8 A long-term partnership over 15 years, so far.... Provision of development and construction services Delivery of care homes, extra care and assisted living schemes MHA and Castleoak partnership Why does it work? Collaboration and understanding that fuels innovation Expertise in design and build for social care delivers good results A partnership working style

9 Some of our projects with MHA

10 Typical Assisted Living apartment

11 Traditional 2-bed apartment plan

12 Traditional 1-bed apartment plan

13 Designing for residents with dementia New care suite plan

14 Typical communal areas

15 New 37 apartments and 13 care suites – opening Summer 2015 Development service provided by Castleoak Communal facilities include a large lounge/dining room, craft room and hair & therapy salon Partnering together in Peterborough

16 New 33 apartments and four care suites – opening Spring 2015 Design and construction services provided by Castleoak Adjacent to MHA’s Fitzwarren House care home with nursing and Stanton Lodge extra care apartments, built by Castleoak in 2005 Partnering together in Swindon

17 New 29 apartments and 11 care suites – opening Autumn 2015 Design and construction services provided by Castleoak MHA’s fourth direct care home reprovision with extra care Partnering together in Woking

18 From extra care to Assisted Living Innovating in extra care Question Time Question Time

19 Innovating in extra care Share experience. Get in touch. Jane Barker Tel: 0113 272 8464 email: jane.barker@mha.org.uk Simon Greenstreet Tel: 029 2054 8590 email: sgreenstreet@castleoak.co.uk www.castleoak.co.uk

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