Last week Big Society Capital and the Care and Wellbeing Fund held a small roundtable to discuss the potential for social investment to support social sector providers of primary care.
We brought together representatives from government, social investors, thought leaders such as the Nuffield Trust, and primary care providers themselves. It is clear that the ambitious transformation agenda facing the primary care sector is dependent on finding new sources of capital – our discussions explored how social investment might play a role.
The big trends in primary care include consolidation and federation, with most of the growth being driven by CCG encouragement. The opportunity for consolidation is accompanied by ongoing challenges within the sector, with a particular focus on sustainability. One of the primary care providers cited having their funding source changed five times in six years: these constant upheavals are representative of the industry and create significant volatility and uncertainty within the landscape. Additionally, the ongoing health transformation reforms have the potential to disrupt even the most well thought-through business plans.