Demand on the health and social care system is rising due to an ageing population and increased life expectancy for people living with long-term health conditions. Budget pressures mean that it is increasingly challenging to meet the growing demand for services.
Social investment is supporting charities and social enterprises that are developing preventative and community-based services to provide higher quality care for older people both at home and in residential settings and help people stay active and well. Revenue is generated from care fees from individuals or contracting services to commissioners. The development costs for social impact bonds is a barrier for commissioners to engage in testing new solutions.
As in the mental health area, high-quality impact evidence is essential in this to understand changes for patients and clients and sell services to commissioners.
Further information is available on our social issue page for health and social care.