With the UK rental crisis worsening and the number of vulnerable people in need of housing growing, the Assisted Living Project has launched to provide assisted living accommodation for the elderly and vulnerable across the UK.
It is estimated that around 1.2 million people in the UK are in need of some form of care and support, due to ageing, ongoing illnesses or disabilities and this number is expected to rise. As well as this, approximately 18% of the population is aged 65 and over and projected to increase from 12 million in 2020 to over 20 million by 2050. The UK must be prepared to provide suitable accommodation for an ageing population and other vulnerable members of the community.
Working alongside housing associations and Community Benefit Societies, the Assisted Living Project aims to fund fully operational apartment buildings for the vulnerable, with a goal to deliver more than 100 apartments ready for assisted living occupancy and become a listed real-estate investment trust (REIT) by 2025.
The project boasts accommodation across the UK with sites in Sheffield, Doncaster, Bedlington, and North Nottinghamshire, all offering occupant-ready housing to help support an ageing population and the vulnerable within communities
Commenting on the launch, Thomas Williams, CEO of the Assisted Living project, said: “The Assisted Living Project tackles issues very close to me personally and addresses the increasing demand for assisted living properties across the UK. The project is a way to help support vulnerable people within the community and ensure they have a place they can call home. We are very passionate about what we do, and we have a fantastic specialist team who are experts in the care industry and aim to help those who need a home.”
Julie Thompson, Head of Tenant Liaison at Assisted Living, said:“There are some real barriers within the UK now that are preventing vulnerable people from getting the housing they so desperately need. The Assisted Living Project is here to help people overcome these barriers. We support vulnerable people offering them a safe property with the correct support to help them build their self-esteem, confidence and security.
“These properties allow tenants to feel secure, so they can build their home, somewhere they can regularly receive support from health services depending on their needs. We, at the Assisted Living Project, look at a person’s needs holistically to ensure their personal requirements are catered for depending on any medical needs and then we work to deliver a safe and secure home.”