A private-public partnership scheme is coming to help Ireland’s nursing homes
DUBLIN – The European Union, the Bank of Ireland, and the German state bank Nord/LB are collaborating on a plan to assist nursing homes in Ireland. The project is a public-private partnership model. According to this, nursing homes in six counties of the country will get 530 new beds.
The project is expected to make a significant difference in the care of the elderly and those suffering from dementia. The project is expected to be completed by 2024.
A 250-million-euro project is being implemented.
250 million euros will be allocated for this. The European Investment Bank, the European Union’s long-term lending arm, has confirmed that it will contribute 100 million euros to the community nursing project.
Health Minister Stephen Donnelly announced the collaboration between UK-based investment manager Equities and builders John Sisk and Son last week.
For the next 25 years, the HSE will contribute €24 million per year to the venture. All sites will be owned by the government in perpetuity. Treatment and care will be provided by the HSE. After 25 years, there will be a provision to return these facilities to the HSE.
The project includes seven new units.
This is Ireland’s first public-private partnership community nursing project. Seven new units will be built as part of this in Louth, Westmeath, Tipperary, Kerry, Kilkenny, and Cork.
The largest unit, with 130 beds, will be in Killarney, Kerry. It will also include three 10-bed homes for people suffering from dementia. A 50-bed unit in Middleton and a 105-bed unit in St. Finbarr’s will come to Cork. 30 dementia patients will be cared for at St. Finbarr’s. In Thomastown, Kilkenny, 95 beds will be built, including 20 dementia beds.
In addition, 50-bed units will be built in Clonmel, Tipperary, Ardee, Louth, and Athlone, Westmeath. The Athlone unit will also house a dementia day centre. Construction will begin before Christmas on all sites except Athlone and Middleton, according to officials. The remaining two will start in early 2023. By the end of 2024, all sites will be completed.
The country has 31,000 nursing home beds. 80 percent of them are in private institutions. Real estate firm CBRE’s 2020 report stated that Ireland will need an additional 7,500 new beds by 2026 to meet the needs of its ageing population.
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