Leaders urge government for retirement homes boost

June 25, 2020
<p><span>The UK’s largest retirement housebuilders have urged the prime minister to help build 30,000 new retirement homes a year as part of the government’s economic recovery plan.</span></p> <p><span>In a letter sent to Number 10, McCarthy &amp; Stone’s John Tonkiss, Churchill Retirement Living’s Spencer McCarthy and Lifestory Group’s Mark Dickinson, state that “the recovery drive will be running on empty if we don’t take urgent action to help the millions of people who actively want to downsize.”</span></p> <p><span>The government must set a target of making 10% of new housing specifically for the older population, the chief executives of the three largest specialist retirement housing providers stated.</span></p> <p><span>The group set out the economic and social benefits of building 30,000 new retirement homes yearly, with retirement housing in all forms key to restarting the housing market as well as keeping vulnerable people safer from future pandemics. With their residents typically aged over 80, the chief executives claimed that within their schemes, they had seen “extremely low” levels of coronavirus infection.</span></p> <p><span>Their letter stated that making a proportion of new homes suitable for the older population would boost</span><span> transactions throughout the housing market, “helping young families and first-time buyers move onto and up the …

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