Hometouch provides transformative live-in care for elderly people and those living with dementia.
Key information
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Focus area
Impact venture -
Investment type
Enterprise equity -
Region
UK wide -
Investment amount
£1.8 million
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Challenge
Elderly people and those living with dementia often end up moving to a care home to receive 24-hour care, yet many would prefer to stay in their own home for as long as possible to be near loved ones. The familiar environment, close proximity to friends and family, and sense of independence are beneficial for health and wellbeing.
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Approach
Hometouch connects people with live-in home carers, offering an affordable alternative to a care home whilst helping people remain in their own homes. Care packages are tailored to individual needs and are designed to help promote brain health in later life.
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Revenue model
The service is commissioned by local authorities, NHS trusts and private healthcare providers. Hometouch also offers services direct-to-consumers.
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Impact
Hometouch supports over 1,000 families with round-the- clock tailored patient care, delivered by over 500 vetted carers, helping more people stay in their own home.
Responding to COVID-19
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There has been unprecedented surge in demand for health and social care services in response to coronavirus. Where possible, hospitals are discharging patients to increase bed capacity and unfortunately care homes have struggled to control the spread of the virus. Over time, more people will be seeking alternatives.
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Hometouch is well poised to respond through its existing delivery model. It has carers across the country available to deliver live-in care where the risk of cross infection is significantly lower than in care homes as the patient and carer can self-isolate together.
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Impact venture
We want to build a venture ecosystem that effectively nurtures and scales innovative ways of tackling social problems.
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Our approach
We work with expert partners to understand people’s needs first. Then, using our knowledge and capital, we collaborate and invest with fund managers who also want to create a better, sustainable future.
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Impact
Our approach to impact is deeply embedded in our investment process, decision making and portfolio management, making sure it runs through everything we do.