The representative body for the housing with care market has launched an advisory council to help shape the future of the sector.
The council, established by Associated Retirement Community Operators (ARCO), will focus on helping shape the policy, investment and operational landscape of housing with care.
While the government is currently consulting on changes to the planning system and will next year push ahead with social care reform, the body is urging political leaders to act now to expand the housing with care market.
The ARCO Advisory Council is made up of representatives from legal services, consultancy, recruitment, sales, design and build, technology and investment. They include Trowers & Hamlins, Knight Frank, Tunstall Healthcare and Octopus Real Estate.
ARCO’s Vision 2030 is for 250,000 people to live in housing with care within ten years. The body says this would bring savings of £5.6bn for the health and social care systems, and generate turnover of over £70bn.
Michael Voges (pictured), executive director of ARCO, said: “It is incredibly exciting to welcome such a wide-ranging group of experts and leading voices to the ARCO Advisory Council.
“By pooling knowledge and insights on law, the customer experience, , design, technology, healthcare and much more, ARCO will be in a much stronger position to help the housing-with-care sector to flourish.
“Our country is at an absolutely critical moment in deciding how we best care for and support older people. More of the same is not going to suffice, and we urgently need to expand models of housing and care that keep older people safe and secure, while boosting independence, health and wellbeing.
Nick Sanderson, Chair of ARCO and CEO of Audley Villages, added: “The formation of the ARCO Advisory Council is further proof that our sector is maturing. When housing with care got going more than 20 years ago, good advice was hard to come by as things were still so new.
“Today, we’re incredibly fortunate to be working with colleagues who believe in the potential of the Retirement Community model and have developed deep sector knowledge: we are fortunate to have them on the ARCO Advisory Council, and the ARCO Board looks forward to a collaborative working relationship in the future.”