The campaign group Fairer Fostering Partnership (FFP) has launched a social media push using the hashtag #forchildrennotprofit, to promote commissioning care placements using not-for-profit and charitable fostering agencies, rather than commercial fostering firms.
The group is concerned that commercial fostering organisations are owned by private and venture capital companies that make “significant profits for shareholders”.
Instead, the FFP believes that any profit from foster care should be re-invested into children’s services.
“Excessive profit has no place in the care of vulnerable children,” says the group.
It adds: “FFP members work purely for children, not for profit, and in a financially strapped sector funded by taxpayers helping thousands of vulnerable children in care, it is important that local authorities and foster carers are able to make an informed choice as to which fostering providers they work with."
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