Cornwall Council has formed a partnership with Mears Group to deliver 750 extra care housing units worth £150 million.
The aim of the scheme is to allow older people and those with disabilities to live independently in their own homes and have access to range of support, such as care and community events.
The partnership will create around 700 jobs for people across Cornwall, and the council has committed to pay the National Living Wage to workers delivering care and support.
Alan Long, executive director of Mears Group said: “Mears are delighted to have been confirmed by the Cabinet as lead strategic partner for the delivery of extra care in Cornwall.
“Last year we commissioned independent research which showed that extra care living can prevent people from having to go to hospital due to on-site care and due to the benefits of living in specially adapted accommodation which is designed for their specific needs.
“We look forward to working with Cornwall Council to create well designed homes with a focus on health and wellbeing for our over 55’s communities.”
The units, which will include a mixture of affordable rented and shared ownership options, will be developed over a period of seven years.
The group said it believes extra care is the “future of independent living” and has seen the benefits of such schemes, with a more stable and extended workforce, flourishing communities and better outcomes for residents.
“The Extra Care and Supported Living elements of the Care business remain core to our Housing with Care strategy and will be retained. These capabilities are a better fit with the rest of our business and are expected to provide additional opportunities on this in the future,” the spokesperson said at the time.