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Local area economic impact assessment: report
- Author:
- OXFORD BROOKES UNIVERSITY. Institute of Public Care
- Publisher:
- Oxford Brookes University
- Publication year:
- 2014
- Pagination:
- 40
- Place of publication:
- Oxford
The report assesses the impact of Retirement Living and Assisted Living Extra Care developments across England, Wales and Scotland. In particular, it considers the benefits generated by the schemes in terms of health and social care, social capital, capital investment in the area, including planning gain and employment and the additional expenditure likely to be generated in the local area. Each chapter reviews the existing published research evidence where appropriate, and presents the survey and interview data from a sample of 10 retirement living and assisted living schemes run by the McCarthy and Stone. The study found that both Retirement Living and Assisted Living Extra Care schemes facilitate the health and well-being of owners; that the schemes make significant contributions to the local economy both during the construction stage and the operational stage, providing capital investment and employment in local communities and that there is strong evidence of significant additional expenditure, compared to a hypothetical conventional housing development on a similar site, contributing to the viability and sustainability of local shops and services. (Edited publisher abstract)