The value of adult social care in England
Published October 2021
Skills for Care commissioned economic consultants KDNA to demonstrate the full economic value of the adult social care sector in England.
This report estimates that adult social care in England had a minimum total economic value in 2020/21 of £50.3 billion, made up of £25.6 billion of Gross Value Added (GVA) and a further £12.6 billion of indirect and £12.1 billion induced effects.
This figured increased to £51.5 billion in 2021/22 and again in 2022/23 to £55.7 billion. For more information on the economic value of adult social care to the economy in England, see the latest ‘The state of the adult social care sector and workforce’ report.
The report analyses the wider societal value and monetises some of these benefits, including improved wellbeing of carers and employment opportunities for carers, which is calculated up to £1.4 billion and around £4.7 billion for working age adults.
The report also argues that the best way to make adult social care sustainable in the long-term is to move away from payment for adult social care processes to payment based on better outcomes for people who draw on care and support services.
We can be commissioned to produce a bespoke analysis of workforce information to answer any specific questions you have about the adult social care workforce. Take a look at our 'commission our services' page for more information or contact us to talk about how we can help.