Silver Saviours for the High Street

This report commissioned by Homes for Later Living made up of Churchill Retirement Living, McCarthy Stone and Lifestory (made up of Pegasus and Renaissance) describes how new retirement properties create more local economic value and more local jobs than any other type of residential housing.

It draws attention to how, with many retirees increasing their savings since the virus hit, "silver saviours" could come to the rescue of Britain's shops and communities post-pandemic if much-needed retirement housing developments are built in or close to town centres and high streets.

The report focus on how retirement housing can boosting local economies through jobs and growth; revive the high street, and contribute to the greening communities.

It also finds that people living in a typical 45 apartment retirement development generate £550,000 of spending per year - with £347,000 going to local shops on the high street, supporting retail jobs and keeping amenities open.