HBI Deals+Insights / Payor and Operator Models

UK applies €1.5bn band aid to care sector in crisis

The UK government has pledged £1.5bn (€1.6bn) to local authorities' social care budgets in order to tide the care sector over for another year (which includes both nursing homes and homecare). But while councils welcome the funding, a market investor tells us it won't be sufficient to patch up a system in crisis. A provider tells us the amount is in line with what the sector expected but is a tempory solution.