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With more than 70% of LA spending going into social care - it is time for change:

✍️ www.eventbrite.co.uk/e/ending-ext...

Read the full report by Reclaiming Our Regional Economies, a collaboration between leading not-for-profit organisations:

🖊️ Centre for Local Economic Strategies (CLES)
🖊️ @thrivingplaces.bsky.social
🖊️ @cooperativesuk.bsky.social
🖊️ @neweconomics.bsky.social

cles.org.uk/publications...

And here’s where public money in the West Midlands is heading 👀

Here’s the picture in South Yorkshire 👇

This is what that means for the North East 🔎

Yet not all of that investment is reaching those it is designed to support. Over the last 3 years in the North East, South Yorkshire & West Mids alone:

💸 £256m of profit was made from care
🏝️ £88m of that went to private equity firms, companies based in tax havens (or both)

Billions are spent by local authorities each year to fund care services - £50bn in England - including £3.8bn in the regions we investigated: the North East, South Yorkshire & West Mids 💰

We rightly expect that money to work hard for us, our loved ones, and the people who care for them 🫂