Adult social care contributes £46bn to UK economy

4 June 2018

Adult social care contributes £46bn to UK economy

NISCC has welcomed today’s launch of the ‘Economic Value of the Adult Social Care Sector – UK’ report, which indicates that adult social care employers contribute £46.2 billion to the UK economy.

The report was commissioned by Skills for Care and Development who wanted to find out the extent of the economic impact of a growing sector offering services in 45,000 sites across the UK in 1.8 million job roles.


In determining the sector's economic contribution it identified the Gross Value Added (GVA) directly generated by employers, including wages paid to workers filling the many different job roles in adult social care. 
 

Key local findings from the report highlighted that:


• The total value of the adult social care sector to the economy in Northern Ireland was estimated to be £1.0 billion;
• The estimated GVA in the adult social care sector in Northern Ireland was estimated to be higher than the; Agriculture, forestry & fishing; Arts, entertainment & recreation and Electricity, gas and steam sectors.


Skills for Care & Development Chair, Dame Moira Gibb said: “This is the first time we have produced a UK wide report into the economic value of adult social care and we find our sector injects billions into the national economy.
“This report highlights the importance of social care not only as provider of services to our fellow citizens when they need it, but our sector’s importance as a provider of jobs in local economies across the country where much of the money is spent.”
Also commenting, NISCC Chief Executive Colum Conway said: “I welcome the report, which highlights the economic value social care plays within Northern Ireland and across the UK.  The Social Care workforce is our most valuable asset and, as has been acknowledged at government level, underpins everything that is done within health and social care here.  


“This builds upon our 2016 report ‘Assessing the Economic Value of the Adult Social Care Sector’ and provides further evidence of the economic value of Social Care. I am also pleased that NISCC has been part of this process and thank those members of our Workforce Development Partnership who contributed.”
 

Skills for Care and Development (SfCD), the Sector Skills Council for people working in early years, children and young people's services, commissioned this report for the UK and the four constituent nations to provide up to date information on the extent of the economic impact of the growing adult social care sector.
 

Skills for Care and Development operates as a partnership of Skills for Care (in England), the Scottish Social Services Council, the Northern Ireland Social Care Council and Social Care Wales.


The Economic Value of the Adult Social Care Sector – Northern Ireland report is available

The Economic Value of the Adult Social Care Sector – UK report is available

Addendum Economic Value Report - October 2018


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