Social care will require an extra 50 per cent funding to achieve recovery by 2024-25, a report by the Health Foundation has said.
It will also need 627,000 extra social care staff – a 55 per cent growth over the next decade and four times greater than the increases of the past ten years.
Health and social care funding projections 2021 suggests that an additional £9.3 billion will be needed to achieve the £30bn required for recovery in social care. This will enable the sector to meet future demand, improve access to care and pay more for care, leading to higher staff pay.
Just to stabilise – defined as meeting future demand and improve access to care – the sector requires £25.5bn by 2024-25. This is an increase of 25 per cent or £4.8bn.
The analysis assumes no productivity improvements in the sector, nor any additional costs associated with COVID-19 (eg personal protective equipment – PPE).
The report says that increases in social care funding need to compare, or exceed, the funding needs of the NHS. It explains: “To some extent [proposed increases] reflect the comparative lack of funding for adult social care the past decade.”
For health care, stabilisation would require average real-terms annual increases of 3.2 per cent with 3.5 per cent for recovery.