Future care: growing the care market: turning a demographic challenge into an economic opportunity

Document type
Corporate author(s)
Carers UK (Organization)
Carers UK
Date of publication
1 April 2012
Future care
Social Work, Social Care and Social Services, Older Adults
Social welfare
Material type

Download (276KB )

This report looks at how the demographic challenge of an ageing population can become and economic opportunity for growth through expansion of the care market. Failures in social care are currently acting to stifle economic productivity. Over a million people, often at the peak of their careers, are being forced to give up work or reduce working hours to care for an ill or disabled loved one. The combination of childcare and eldercare, particularly distance caring is also significantly adding to workplace stress and absence, at a cost to individuals, businesses and the economy. However, there is increasing demand from families willing and able to buy care, from service-users with personal budgets, and from employers who see a sufficient supply of care services as essential to retaining employees with caring responsibilities. Stimulation of the care market can not only help to meet demand but can turn the challenges of an ageing population into a driver for economic growth – with new opportunities for existing providers, small scale start-ups and health and care technologies.

Related to Social Work, Social Care and Social Services

The financial risk and resilience of English local authorities in the coronavirus crisis

Briefing on the pressures faced by local authorities during the coronavirus pandemic

Reviewing the case: the right to appeal in adult social care

Report on the appeals process for social care

More items related to this subject