Fair cost of care and market sustainability plan
All local authorities were required to complete a cost of care review; it’s a condition of future funding from the Department of Health and Social Care (DHSC).
The DHSC fair cost of care review asked for information from older people’s care homes (65+) and home care providers (18+). It did not cover other sectors of the market. Thank you to our providers who submitted information for the fair cost of care exercise.
We also have to complete a Market Sustainability Plan. The Market Sustainability Plan requires information on the current market position, key challenges in the next few years and plans to address these.
Government guidance: Market sustainability and fair cost of care fund 2022 to 2023
Results from the fair cost of care exercise and a summary of the interim Market Sustainability Plan were shared with providers in September and October 2022.
The information was then submitted to the DHSC on 14 October 2022.
What happens next?
Fee setting for 23/24 will include consideration of the information from the Fair Cost of Care exercise.
The two cost of care reports are now available:
Home Care 18+ Cost of Care report [142.9 KB] [docx]
Care Homes 65+ Cost of Care report [143.2 KB] [docx]
The Council will also publish a final version of the Market Sustainability Plan, as required by DHSC, by the end of March 2023.