Ryde, IOW.

Forward funding of Extra Care apartments and shared ownership bungalows, Ryde, IOW

Ryde, IOW Forward funding of Extra Care apartments and shared ownership bungalows, Ryde, IOW

Key Features

Evidence-backed demand with local authority support
75x 1 and 2-bed extra care apartments and 27x 2-bed (age restricted) bungalows
Grant funding secured from Homes England to enable development
20-year management lease with Southern Housing, one of the UK’s largest housing providers
Domiciliary care services provided appropriate with residents’ needs
Provision of social benefit through the housing and care of older and vulnerable residents
Forward funding of Extra Care apartments and shared ownership bungalows, Ryde, IOW: Quote

This investment comprises Extra Care apartments and bungalows for older people providing significant social benefit by offering greater independence and dignity than institutional care. With a focus on resident independence, support and care is provided at home or close to home, as opposed to institutional or residential based settings. The scheme delivers a considerable financial saving to the local council’s adult care budget when compared to care home costs.

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