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England’s adult social care sector valued at £43 billion and growing
Best estimate of the size of the adult social care sector
The adult social care sector is sizeable, but the exact size has remained open to speculation. It has now been reliably determined by Skills for Care, the organisation that ensures England’s adult social care workforce has the appropriately skilled people. Skills for Care has now quantified a best estimate using its influential annual Size and Structure research reports.
Bigger than oil and gas and the legal profession
The research reveals that adult social care contributes a whopping £43 billion to England’s economy. There are three main elements which contribute to this total.
Direct contribution, that is the value of goods and services produced, is put at £20 billion. To get an idea of where this sits in relative terms it is more than gas and electricity production and distribution (£16bn); legal activities (£17bn); arts, entertainment and recreation (£18bn) and food and drink service industry (£19bn). The sector also employs 1.5 million, more than construction (1.1 million), public administration and defence (1.2 million) and food and drink service (1.3 million).
The indirect and induced contribution is put at £22.4 billion. This is the goods and services supplied to adult health and social care organisations and the wages that are spent by sector workers in other areas of the economy.
With the ageing population driving the need for increased services, Skills for Care identifies two big challenges. These are helping employers expand the workforce through recruitment and retention and ensuring access to high quality training and support.
QCS compliance management supports expanded workforces and training
Back in February in the article Boom times for health and social care if service providers observe ‘compassion caveats’, we identified the market opportunity that exists for health and social care providers. This research by Skills for Care completely supports our view.
QCS compliance management is an invaluable aid which supports the objective of expanding staff numbers and providing training. QCS enables adult health and social care organisations to achieve CQC compliance while helping to recruit and retain staff. The HR policies provide consistency to recruitment processes and fair disciplinary procedures. The system also minimises the need for training by building compliance into operational practices in both residential and domiciliary care settings.