Posts Tagged ‘Local government’

We have seen growing interest in the adult social care sector from private equity investors in the past couple of years. This note provides a high level briefing on the sector.

Like most of the rest of the public sector, social care has benefited from increased investment in recent years. Although total spend actually fell slightly in 207/8, gross current expenditure by Local Authorities (LAs) in England on Personal Social Services was £20.7 billion.  Of this, spending on Adult Services accounted for £15.3 billion, similar in real terms to 2006-07, of which  £8.8 billion (57%) was spent on services for older people. 48% of gross adult spending  in 2007/8 went on residential care, with 39% on day and home care and the rest on assessment and care management. Read the rest of this entry »

In recent discussions with investors we have found much confusion about the true facts surrounding the extent to which public spending is under pressure and how much government and opposition are likely to spend after the next general election. Our new commentary is intended to get behind a lot of political bluster and separate fact from rhetoric.

To read the commentary click here.