FOR NURSING AND RESIDENTIAL CARE HOMES
W W W. T H E C A R E R U K . C O M
THECARERUK
THECARERUK
THECARER_UK
Issue 143
Report Highlights Care Sector’s Post Pandemic Struggle
Financial support from the Government postponed a financial crisis in the care home sector during the COVID-19 pandemic rather than preventing it, according to a new report. The four governments of the UK provided £2.1bn of financial support to the care home sector during the first year of the pandemic. This helped to avoid a financial collapse in the care home sector during the first year of the pandemic and prevent mass care home closures.
However, it was not clear that all the emergency funding went to support frontline care or workers during the pandemic, with significant sums ‘leaking out’ in profit and dividends. The sector had also faced a renewed financial crisis since the peak of the pandemic, warned the report, entitled Bailed out and burned out?
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