Written Question·Department for Education·UIN 2097

Children in Care

Tabled: 29 July 2024
Answered: 3 September 2024
Named Day

Question

Helen Hayes

LabourDulwich and West Norwood

To ask the Secretary of State for Education, what information her Department holds on the average level of profit made by (a) private and (b) local authority-managed residential homes for looked-after children in the latest period for which data is availa

Answer

Janet Daby
The department does not hold or collect data on the profit levels of children’s social care providers. However, the Competition and Markets Authority detailed in their 2022 report that the largest fifteen providers made, on average, 19.4% profit on foster...

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