Crunch time for smaller homes in the South West
Region should be treated as a ‘special case’ says accountancy firm
Care homes in the South West are facing a funding crisis, according to South West accountancy firm, Bishop Fleming. A recent survey by the firm of care home owners throughout the South West showed that most of the region’s home owners (66%) fear that their occupancy levels and fee rates are under threat, with more than a third (37%) reporting declining profits in the past year.
Most care homes in the region (69%) were receiving less than £400 per week from the public sector for full residential care. Tim Godfrey, head of the specialist care home team