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The Granny Crisis, and How To Solve It: A Business View.

We face rapidly rising numbers of old people, many of whom will need care. Yet this is a golden business opportunity, which can be done ethically and well despite rising costs and expectations. Derbyshire businessman Ivan White took over two care homes in Darley Dale, Matlock, Ivonbrook and Darley Hall last year which were due to be closed by the CQC, and is making a success of them. So what are the pitfalls?

Care homes were in the news again just before Christmas, as the Four Seasons chain with over 300 homes lurched close to bankruptcy. Only an 11th hour reprieve by its creditors allowed it to continue providing homes to 17,000 elderly residents - and jobs to the thousands looking after them. Meanwhile winter pressure on the NHS could be eased, we are told, if social care were more readily available, and that includes nursing and residential care.

We haven't forgotten the misery facing an even larger group of vulnerable people - 33,000 of them - in July 2011 when Southern Cross went into liquidation. The causes then were familiar - excessive borrowing, over-ambitious expansion - Carillion please note.

"Care funding will be a major financial issue in 2018," says the Telegraph Money section with some understatement (16.12.17). Increases in the minimum wage feed directly into costs in this sector. Around 400,000 people live in residential homes across Britain. Nobody knows exactly how many are paying for themselves entirely ("self-funded") but it's less than half. Councils pick up some or all of the tab for the remaining 265,000 residents and patients, whose remaining assets are valued at less than £23,000.The government sought to change these parameters in the last election manifesto, but has treated its loss of seats as a "No."

Councils are unrealistic and sometimes bizarre in their approach. Some including Oxfordshire will fund on average barely half the average fees charged by homes in their area. You can't help feeling that it's the home proprietors who are being sensible, and not the councils. Then you find that the councils break their own official "caps" (Oxfordshire does in 94% of cases). There's some kidology going on here. 
 

Plenty to discuss; and it's not just your granny you should be thinking about. It's you. How will you fund your own care, when the time comes - and how will you find a good place to do it?

Coffee, pastries, juice from 7.30am, speaker and questions 8.00 - 9.00 am, then networking over the bacon baps, finishing by 9.30 am.

High Peak Business Club offers superb networking with friendly people, so please pass details to colleagues and clients, or bring them along with you. We're not party political, and completely independent. Anyone in business is welcome. Please let us know who is attending.
 

Click Here to BOOK
There's no membership subscription, but for each meeting it's £25
Payable in advance by BACs (
Sort Code 77 67 10, a/c no 14918668) or by cheque payable to (HPBC to 28 Whaley Lane, Whaley Bridge, SK23 7BA)

Any queries... email edwinacurrie@sky.com

 

Date: Friday 23rd February 2018
Time: 7.30 - 9.30 am 
Location: Chapel en le frith Golf Club, Manchester Road, SK23 9UH


Future Dates; Friday March 16th: "Fantastic Fireworks!!" With MD Jon Culverhouse, who has twice won the British Fireworks Championships. You don't think of fireworks as a business, do you? But they are big players. They're in entertainments, sports, spectaculars of all kinds, handling some of the most dangerous materials you can imagine. And they did a FABULOUS display on New Year's Eve in Whaley Bridge.