February 13, 2020 News

Former PM supports growth of retirement communities

 

Rt Hon Theresa May MP has pledged her support for the private retirement communities sector.

In a meeting with Will Bax, CEO for Retirement Villages Group (RVG), and Gareth Lyon, Head of Policy and Communications at Associated Retirement Community Operators (ARCO), Mrs May discussed the sector at length and acknowledged the growth in demand for the model.

“Mrs May was very receptive to our thoughts and we had an extremely positive and constructive conversation,” explained Will Bax, who hosted the meeting at his group’s Oxfordshire community, Thamesfield in Henley on Thames.

“She recognises the challenges of our ageing society and the role of private retirement communities in responding to the growing demand for more supported living.
“We discussed the need for a broader range of product and tenure choices offering greater affordability and reaching as wide a breadth of consumers as possible. We also shared our thoughts with Mrs May around the idea of a government task force to support growth in the sector and consider issues around planning reform, tenure and consumer rights.”

RVG, as part of ARCO, is committed to growing provision of retirement communities in order to help meet the UK’s future housing needs.

ARCO’s Vision 2030 sets out an ambitious goal to provide ‘retirement community’ housing with care to 250,000 older people in the UK by 2030 which it says will result in huge benefits to the UK health, social care and housing systems as well as the wider community.

Pictured above: Rt Hon Theresa May MP and Retirement Villages Group CEO, Will Bax, with residents at Thamesfield retirement village in Henley-on-Thames

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