The Fund

The structure
behind the returns.

Salus Capital is a private fund that finances UK supported-living and assisted-living developments owned and operated within the Salus Group. This page sets out, in plain English, how it is structured, what it holds, and who looks over it.

Fund structure

One vehicle. One asset base.
No intermediaries.

Capital raised through Salus Capital is held by the fund and deployed directly into Salus Group developments. There is no third-party platform, no co-investor stack, and no leverage layered onto investor capital.

Investor obligations are met from the asset base of the Group as a whole — property holdings, operating contracts and cash reserves — rather than from the performance of a single development. Returns are contractual and term-bound, paid in full on the maturity date stated in each investment deed.

The fund is not authorised or regulated by the Financial Conduct Authority and is offered only to private investors who self-certify as Sophisticated or High Net Worth under UK definitions.

Capital flow
  1. 01 Investor signs the deed; capital settles into the Group's segregated account.
  2. 02 Salus Capital deploys against developments held by Salus Group entities.
  3. 03 Assets generate rental income via long-term occupancy contracts.
  4. 04 ACCA-regulated accountancy provider reconciles investor payments.
  5. 05 Capital + return paid to investor on the maturity date.
Asset class

UK supported-living and
assisted-living property.

The fund holds purpose-built and converted property assets used for supported and assisted living for vulnerable adults and older people. Occupancy is contracted with care commissioners — local authorities and housing associations — under multi-year agreements.

These contracts are funded through national care budgets, which means underlying rental income is not exposed to retail-tenant default risk in the same way as conventional buy-to-let. Demand for the asset class is structural and demographic, driven by an ageing UK population and a long-standing shortfall in compliant supported-living stock.

Assets are held through Salus Group entities and operated by Salus Care Services or contracted operating partners. They are not sold through a platform, syndicated to retail investors, or held in any tradable instrument.

377
units under management across the operating portfolio
£20m+
active development pipeline
53%
return on cost delivered across completed schemes
Completed new-build housing scheme on the Salus Group portfolio
Operating · Completed new-build scheme Photographed handover · 2025
Income mechanics

How the returns are
actually paid.

Source of income Where it comes from Who pays it Frequency
Rental income Long-term occupancy contracts on Group property assets Care commissioners (LAs & housing associations) Monthly
Development uplift Realised return on cost from completed developments Asset sales / refinancing On completion
Operating margin Margin retained by Group operating companies Salus Care Services & operating partners Monthly

Investor returns are contractual obligations of Salus Capital Group and are paid from the combined cash flow of these income streams across the Group's asset base. The fund does not depend on the income of any single asset.

Oversight & accounting

Reconciliation sits
outside the operating business.

ACCA-regulated provider

All investor payments — deployments and maturity returns — are processed and reconciled by an ACCA-regulated accountancy firm. The firm is independent of the operating business.

Segregated investor account

Investor capital settles into a designated account for the fund. It is not commingled with day-to-day operating cash flow of the Group.

English law jurisdiction

Investment deeds are governed by the laws of England and Wales. Companies House filings are made on the standard cycle and are publicly available.

Salus Capital is not authorised or regulated by the Financial Conduct Authority. The oversight described above is the ACCA-regulated accounting relationship — not FCA authorisation, and not an FSCS-protected scheme.

Historical pipeline

Completed and
under development.

Anonymised, redacted to commercial sensitivity. Full asset addresses are shared once an investment agreement is in place.

Active construction on a Salus Group development with scaffolding in place
Under development · North West, England On site · 2026
Scheme Region Units Status ROC delivered
Scheme A — Supported living conversion North West 42 Complete 57%
Scheme B — Assisted living new build Yorkshire 58 Complete 51%
Scheme C — Supported living retrofit Midlands 36 Operating 49%
Scheme D — Mixed-use development North West 64 Under development
Scheme E — Assisted living new build South East 47 Planning consented
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