WHAT’S NEW?


ALLICA BANK DOUBLES DOWN ON CARE HOME SECTOR WITH SPECIALIST CARE HOMES AND


ENHANCED ELDERLY CARE POLICY Aſter seeing record levels of demand, Allica Bank is further strengthening its care home commercial mortgage proposition to cover specialist care for adult and children’s learning disability services, as well as supported living services.


For its elderly care policy, the bank has reduced its debt service thresholds for both first-time buyers and experienced operators. In addition, it now includes the ability for operators to take a capital repayment holiday for up to 24 months.


The move follows the increase of the bank’s maximum commercial mortgage loan size from £5m to £10m, which covers both single loans and the combined value of multiple loans to the same customer. It can also provide full term mortgage commitments, meaning the care home operator will not need to refinance during the term.


Tom Procter, Specialist Relationship Manager for the care home sector at Allica Bank, is proud the bank is offering dedicated, tailored support to an underserved sector. He said: “The enhancements have been developed using a combination of our team’s specialist care home sector knowledge and extensive feedback from our broker partners. We have heard a lot from


our broker community that they are seeing increasing demand from both new entrants and experienced operators looking to invest in these dynamic markets.


“In addition to covering a wide range of care needs and ages, long-term security is also vital and our ability to provide full-term commitments, as well as fixed-rate mortgages, addresses those needs.


“Overall, we believe this further evidences Allica’s commitment to the wider care sector, for which we have seen unprecedented demand. These changes will help to support operators in their growth and investment plans and empower them to provide the best quality care.”


www.allica.bank


learning and development opportunities available in 2023, and real-life insights from people working in social care.


Oonagh Smyth, CEO of Skills for Care said: “Our latest campaign aims to highlight to social care employers the range of different options and funding available to support them in providing ongoing development for their teams.


“This is vital not only in supporting a good workplace culture and developing and keeping the people who work in care, but also in providing the best outcomes for people who draw on care and support.”


SKILLS FOR CARE SUPPORTS SOCIAL CARE TEAMS TO


#KEEPLEARNING Skills for Care, the strategic workforce development and planning body for social care in England, has started 2023 with the launch of its Keep Learning for Success campaign.


The campaign will encourage social care managers and their teams to #KeepLearning by highlighting training and funding opportunities available for social care workers, and focusing on the real benefits continual professional development has for people working in social care as well as the people who they support.


Running across the organisation’s website, social media and other communications channels, the campaign will include resources to support with training, articles highlighting


twitter.com/TomorrowsCare


The campaign launches as the deadline nears for social care employers to apply for this year’s Workforce Development Fund (WDF), which provides funding for staff training. Employers who wish to use the WDF must sign up by 28 February 2023, with claims due by 31 May 2023.


Skills for Care will be providing information about WDF, how to claim, and what it can be used for as part of this campaign.


Data from Skills for Care shows that investing in learning and development for your team can support with keeping staff. Average turnover rates decreased from 41.2% among staff who had no training, to 31.7% among those that received some form. Additionally, turnover was reduced by 9.1% for care workers who received more than 30 instances of training when compared to care workers with one instance of training.


You can follow the campaign and join in on discussions on social media using #KeepLearning.


www.skillsforcare.org.uk - 11 - www.skillsforcare.org.uk/news-and-events/Spotlight-on/Keep-learning-for-success.aspx


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