The latest of three reports charting the price trends and costs of children’s homes, published by the National Centre for Excellence in Residential Childcare (NERCC) and Revolution Consulting, states the weekly cost of placements at private and voluntary sector settings is, on average, £3,970.
This is 21 per cent higher than reported costs in 2016 (£3,273 a week) and 40 per cent more than in 2013 (£2,841 a week). On average the cost has increased by seven per cent per year.
Local authorities had paid more than £7,000 a week for placements on about 230 occasions in the year leading up to March 2019, the report states.
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