Revolution Consulting’s fourth annual study of profit levels, debt risk and financial outcomes of the largest independent children’s social care providers, produced for the Local Government Association, comes against a backdrop of unprecedented focus on children’s services. Calls from a parliamentary select committee in 2019, from the children’s commissioner for England in 2020, and from the Independent Review of Children’s Social Care in 2021 resulted in the Competition and Markets Authority (CMA) carrying out a review of these markets from 2021/22.
The CMA concluded that no action was needed to overtly control prices and profits, and that it was through better commissioning by local authorities that purchasers should gain improved influence. The independent review’s conclusions largely adopted the recommendations of the CMA in its own 2022 report, with the government backing this vision in its Stable Homes: Built on Love policy paper published in early 2023.
Register Now to Continue Reading
Thank you for visiting Children & Young People Now and making use of our archive of more than 60,000 expert features, topics hubs, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's Included
-
Free access to 4 subscriber-only articles per month
-
Email newsletter providing advice and guidance across the sector
Already have an account? Sign in here
