Tact Fostering and Adoption was chosen to run Peterborough City Council’s service in 2016 as part of a deal worth £126m, which the charity descibed as “the greatest strategic initiative ever undertaken by Tact”.
However, the 2018/19 annual report and accounts, published this week, states that the charity had terminated the contract on 25 October last year after taking legal advice.
“Local authority funding pressures made it uneconomic provide this service,” the report says adding that Tact had previously given notice to end the deal in early March 2021.
Under the contract, Tact also undertook responsibility for supporting special guardianship carers across the city.
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