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Market Sustainability and Cost of Care exercises

Market Sustainability Plan

Councils are required to publish a Market Sustainability Plan, which is also returned to the Department of Health and Social Care (DHSC). Reviewing these returns will support DHSC's understanding of the key issues facing 65+ residential and 18+ domiciliary care in different local authority areas. This helps DHSC to understand market sustainability and risk with regards to these services, and will be used to help inform their policies moving forwards.

The Market Sustainability Plan requires us to identify the key risks to market sustainability for the 65+ care home market and the 18+ domiciliary care market and to establish plans to address any issues identified, including how market sustainability funding will be used over the next three years.

We wanted to engage and listen to the market in the development of our provisional market sustainability plan, to ensure our efforts are best directed towards meeting market need.

The plan is now complete and includes detail on how fees will be reviewed and inflated in 2023-24.