Looked After ChildrenNewsOutcomes/Policy

Largest private children’s placement providers make £300m in annual profit

October 25, 2023

The largest independent providers of children’s social care saw profits of more than £300m last year, a new report commissioned by the Local Government Association (LGA) reveals.

The report by Revolution Consulting found council spending on privately run children’s services, including residential homes and foster care services, has more than doubled in the past six years. In 2021/22, local authorities in England spent £1.5bn on independently run residential care for vulnerable children. This equates to an 11 per cent increase on the previous year and is up from £736.6m in 2015/16, representing a 105 per cent increase overall. Read more.

 

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