A new Innovative Finance ISA (IFISA) has been launched to invest in specialist care homes, therefore supporting some of the most vulnerable in UK care homes.
The Barbican ISA is a three-year bond that will support over 83 specialist care homes owned by the Barbican Group, whilst offering investors annual returns of up to 7%, due to the 7% tax free, fixed interest rate per annum that has been agreed. All finances will go towards refurbishing current care homes, in addition to improving the management and structure of each of these care homes.
The Barbican Group have said:-
“We are excited to offer UK investors the opportunity to enjoy a healthy rate of return on their savings whilst investing in an IFISA that will make a real difference to some of the most vulnerable people in the country…Investing in The Barbican ISA will allow us to continue to improve the structure and quality of care within our care homes and give us the capacity to expand our portfolio of properties, refurbish existing homes and reach even more individuals”
