Newly appointed Chancellor Rishi Sunak has been urged to use next month’s Budget to tackle the dementia care crisis.
Loveday&Co founder, chairman and CEO, Laurence Geller, CBE, told CHP the UK was “sleepwalking into a dementia care crisis” with the number of people living with the disease forecast to rise to 1m by 2025 while around 440,000 care workers leave their roles every year.
Laurence said: “The forthcoming Budget should pave the way to addressing this urgent challenge by funding a national accreditation scheme for the dementia care sector, establishing clearer guidelines and training requirements to enable us to achieve better standards, making care a career and building and retaining the social care workforce.
“The total cost of dementia care in the UK is £34.7 billion and is set to rise sharply to £94.1 billion by 2040. Therefore, alongside public investment, we must ensure that dementia care best practice and well-funded research is shared between the private and public sectors and is utilised for all. A combined and collaborative approach from the Government, business, tech and academia is crucial. We all hold a responsibility to those lost to this awful disease and to our future generations to respond to this challenge.”
Loveday&Co is a pioneer in bespoke dementia care having opened Chelsea Court Place care home on the King’s Road in south-west London in October 2016. The business has three more residences under development.
Laurence has donated more than US$20 million (£18m) to a variety of humanitarian, cultural and civic causes over the years. He is a leading expert in the area of geriatric healthcare and currently serves as Global Business Ambassador for the Alzheimer’s Society. Laurence was awarded a CBE in the 2012 New Year’s Honours List for his work preserving Winston Churchill’s legacy and for international philanthropy.