
(Care Review turns attention to reforming care sector market, CYP Now, July).
The CMA is undertaking a study, at the request of the review and also previously by the children’s commissioner for England, of the commercial market in foster care and residential care for children which has grown rapidly in the past 10 years. Well over £200m each year is pouring out of the funding for children’s social care as profits to company owners, such as big international venture capitalists, who are now dominating what market analysts are calling the children’s care “industry”.
The head of the children’s social care review has raised concerns about the quality of care being provided and the big profits being made. The commissioner has noted that children are often being distressingly placed at a considerable distance from their families, friends, schools and communities.
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