Greensleeves Homes Trust

Pricing Model

Dynamic model reflecting local market

Weekly Fees* (£) & Benchmarking

1,000 1,200 1,400 1,600

10.0% 12.0% 14.0% 16.0% 18.0%

1,323 1,461

▪ Greensleeves sets fees for each home after a detailed budgeting exercise and by reference to the local market ▪ This generally results in a common percentage increase across most homes which takes place in April each year. ▪ Its objective is to set fees that reflect the quality of its provision and sit within the top quartile of the local care home market. ▪ However, policy allows for flexibility on individual fee rises in response to the local market and home upgrades ▪ Pricing is based on industry data such as Carterwood, demographic data and local knowledge of charges at other homes ▪ New homes may offer some incentives to encourage applications during the build up of occupancy.

1,142

1,077

1,019

15.8%

942

871

805

735

684

10.4%

0 200 400 600 800

0.0% 2.0% 4.0% 6.0% 8.0%

9.5%

8.2%

8.2%

7.5%

8.2%

5.7% 6.0%

2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24

Average weekly fee (£)

Growth YoY

*Average weekly fee across all homes and type of care

1,600

1,400

1,200

1,000

800

600

400

200

0

East of England

London

Sout East

South West

West Midlands

Greensleeves

Index

Index (all UK)

Greensleeves (All Homes0

Data Source: Knight Frank Research 2023

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