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.
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.
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.
| 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.
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.
Investor capital settles into a designated account for the fund. It is not commingled with day-to-day operating cash flow of the Group.
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.
Anonymised, redacted to commercial sensitivity. Full asset addresses are shared once an investment agreement is in place.
| 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 | — |