Under Regulation 13 of the Care Quality Commission (Registration) Regulations 2009, providers are legally required to ensure their financial viability. It means in uncertain times, like during COVID-19, care providers may need to seek financial support from the lender to keep the business running.
To increase your chance of receiving financial injection successfully, you need to understand what you should do and in what order. Our Viable Care Financial Guidance and Form explains the preparation required and areas you need to consider when applying for financial investment. It also includes templates that allow you present your summary of service and CQC rating to the financial provider.
Regulation 12: Safe care and treatment