When it comes to fostering, money is an emotive and often controversial topic of conversation. Nonetheless, in the interest of answering the questions we get about finances, it is a topic we’d like to address.
We’d like to start out by making it clear that good foster carers are always motivated by a deep desire to make a positive difference in the lives of children. The best foster carers seek to nurture, love and advocate for the children in their care. In our experience, very few carers are ever motivated by financial gain and it is very important to us that they are not.
However, one cannot escape the fact that it costs money to raise a child and it is for this reason that Local Authorities pay a fostering allowance to foster carers.
The money foster carers receive will cover the cost of caring for a child. It includes the cost of food, clothing, pocket money, savings for the child, personal items such as toys or toileteries. It will include extra-curricular activities, school uniform and equipment, school meals, lesiure and sports activities. It is expected to cover other incremental household costs associated with caring for additional children, such as utilities.
Many people want and rightly need to know how much money they could expect to receive for fostering when deciding whether it is a viable option for them. The answer to this is that the amount will vary and is dependent on the needs of the individual child.
For example, a carer who looks after children with profound care needs would receive a higher allowance because there might be significant costs associated with providing the required level of care. Children and young people whose care needs are less challenging might require less round-the-clock care and a lower care-related expenditure and therefore carers looking after these children would expect a lower allowance.
It is worth saying that Fostering Providers will differ in what allowance they pay foster carers. We would strongly urge prospective carers to look at the whole package offered to them by Fostering Providers. Whilst we would expect no foster carer to be out of pocket when caring for a child, when it comes to fostering there are some things that money can’t buy and which are vital to ensure stable, positive and fruitful fostering experiences. When looking for a fostering provider, we recommend you check:
- How child focused the fostering provider is – talk to fostering providers and gauge how invested they are in the children they support. Their policies and activities should be child-centric and should promote stable, nurturing and successful fostering experiences for carers and children alike.
- What support you will be given: does the provider offer 24/7 support? Is the team small enough to get to know you, your family and the child(ren) you care for?
- What additional support is offered: does the provider offer services to promote emotional wellbeing and resilience amongst its carers? Is there an active and supportive fostering community who can meet regularly to support and encourage one another? Is there a sound Social Worker to carer ratio, ensuring carers and their families can be seamlessly supported and listened to?
- What training and development opportunities exist – a good fostering provider will provide varied, relevant and tailored training and development for their carers. It should be easy for carers to communicate their training needs and aspirations and fostering providers should be able to demonstrate that they are responsive.
If you would like to talk to us about any aspect of fostering, including the finances, please contact us at email@example.com or call us on 01206 299775.
Alternatively, pop into one of our events. Our next drop-in session will be on Thursday 19th July from 10.30-12.30 at our offices in East Bergholt, Suffolk.