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Business Energy UK: supporting financial stability in UK Care Homes

In 2024, the UK’s care sector faces a daunting confluence of financial challenges, including crippling energy bills.

A typical 50-resident care home, which previously spent around £50,000 annually on gas and electricity, now confronts a potential doubling of these costs. This surge in energy expenses, not mitigated by the domestic consumer price cap, places an unprecedented financial burden on these facilities.

This comes at a time when councils across England are grappling with significant overspends in adult social care budgets, with nearly two-thirds (63%) exceeding their allocations in 2022/23.

This alarming trend, highlighted in a report by the Association of Directors of Adult Social Services (ADASS), saw an increase from 37% in 2021/22, with 72% of these councils resorting to one-off reserves to bridge the gap.

Compounding these issues is the reduction in revenue support grants from local councils, traditionally a lifeline for care homes in managing running costs. This reduction threatens the very sustainability of these essential services, as care providers struggle to balance escalating operational expenses against inadequate funding.

Business Energy UK offers a practical solution for care home providers facing financial challenges.

Distinguished from typical energy brokers, Business Energy UK offers more than just a comparison site. It stands as a socially conscious organisation, deeply committed to combating fuel poverty and contributing to a sustainable future. By offering an unbiased, thorough business energy comparison service, they not only help businesses save money but also enable them to make socially responsible choices.

Business Energy UK’s approach transcends mere cost savings. Their commitment to creating a better tomorrow is evident in every switch made through their platform, contributing to a more sustainable future. For care home providers reeling under financial pressures, Business Energy UK offers not just a financial lifeline but also an opportunity to be part of a larger movement towards sustainability and social responsibility.

As the UK care sector navigates through these turbulent financial waters, the role of organisations like Business Energy UK becomes increasingly vital. Their unique blend of cost-saving solutions and social consciousness offers a glimmer of hope, not just for care home providers but for the broader community relying on these essential services.

Source: https://www.adass.org.uk/media/9751/adass-spring-survey-2023-final-web-version.pdf

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