Children's homes: Providers' 'exploitative' profits to be curbed

Published On Nov 17, 2024, 7:09 PM

The UK government is introducing measures to regulate profits made by children's home providers and improve the care system for vulnerable children. New legislation will require large providers to disclose their finances, and a legal limit on profits will be imposed if voluntary limits are not adhered to. The regulator Ofsted will have expanded powers to investigate and fine exploitative providers. This comes amid rising costs and demands on the social care system, as councils struggle to find adequate placements for children. Critics argue the measures may not address smaller providers effectively and could lead to unintended consequences for the sector.