Social care systems in three regions of England are being deprived of millions of pounds as private companies extract large profits, with much of it going to firms owned by private equity or based in tax havens.
Analysis in a new report by charity Reclaiming Our Regional Economies found that private care companies operating care services in three regions – the North East, South Yorkshire and the West Midlands – extracted £256m in profit between 2021 and 2024, with more than a third going to providers owned by private equity firms or companies based in tax havens.
Full story in the Lowdown, 21 November 2025
