Children’s Care Homes: Private Equity

Lord Alton of Liverpool Excerpts

Tuesday 30th January 2024 Lords Chamber

[Baroness Barran (Con)]

We are looking at a number of different options in this area. Although I am not suggesting that these are absolutely comparable, in 2023-24 the average cost of a residential care placement provided by a local authority is just under £5,500, but the average placement provided by the private or voluntary sectors is just under £4,700. Costs may not be the main issue here.

[Lord Alton of Liverpool (CB)]

My Lords, to give the House a clearer idea of the trends, can the Minister tell us how many children are currently in care homes and foster homes? What have been the trends over the last decade and what are the predictions for the next decade?

[Baroness Barran (Con)]

There are just under 8,000 children in children’s homes, about 57,000 children in foster care and just under 7,000 children in either secure placements or independent supported accommodation.