annual UK healthcare report said that, in the 2019 to 2020 financial year,
7,058 beds (or 122 homes) were newly registered but 6,789 beds (233 homes)
Research shows the number of care home beds per 100 people over
the age of 85 has fallen by 5% since 2010, despite a ‘minimal’ increase in the
supply. Although the number of care home beds increased by 2,500 in the last
financial year, the number of homes fell to 12,170 nationwide.
Knight Frank experts have estimated £15bn needs to be invested
in upgrading existing beds to future-proof for the UK ageing population.
Julian Evans, head of healthcare at Knight Frank, said: “The UK
healthcare industry requires substantial investment in order to keep pace with
present demand, let alone the provision that is going to be needed for the
future as the population continues to age.
He added: “This has been accelerated by the Covid-19 pandemic
which has accelerated trends that will lead to closures of care homes that are
no longer fit for purpose, resulting in a significant national shortfall of bed
“Once the situation resolves around the Covid-19 crisis, we will
see numerous changes around how operators fare and we expect that with the
scarcity of stock and a continuing ageing population driving demand, the
investment appetite for care home developments will remain strong from a range