News Article

Thank you to LaingBuisson and the panel – Candice Blackwood, Andrea Auteri, Derek Breingan, James Tugendhat, and Tim Read, for providing great insights into the elderly care sector. Dr Kristoffer Kenttä participated in the ‘Care Homes for Older People Report’ launch, sharing valuable perspectives.

The UK elderly care home market is estimated at £26bn, with approximately 80% of growth driven by fee uplifts and around 20% due to higher occupancy rates.

Rising staffing costs, particularly due to National Insurance (NI) and the National Living Wage (NLW), remain a key concern. Some optimism arose from the House of Lords’ vote to exempt health and social care from the NI increase. Local authorities were noted to be implementing average price uplifts of 4–6% this year, with nursing care somewhat shielded by stretched local authority budgets.

Meanwhile, technology adoption in the sector is accelerating. However, with so many options available, a well-defined strategy is essential to piece everything together and unlock its full potential.