Place Sugar and 3 tablespoons of water into a medium pan over low heat
In a separate pan, heat cream until almost boiling and set aside
Once sugar has dissolved, turn up heat until the sugar syrup becomes a caramel brown. Remove from heat and pour into the warmed cream.
Return pan to low heat and whisk for 1minutes. Pour into a heatproof bowl and leave to cool. Chill for about an hour.
Beat the butter in a stand mixer for about2-3 minutes or until light and fluffy. Add powdered sugar a mix for 5 minutes until smooth. Beat in the cream cheese.
Add in the cold caramel and vanilla extract and beat until combined. Cover and chill until spreadable.
Enjoy!!