Ufi Ventures: focus on social care

The UK care economy is worth £158bn but is suffering a vast skills crisis.

Currently 11% of jobs are unfilled and staff turnover in the sector stands at around 36% per year. This equates to 520,000 UK care jobs currently unfilled, with 26% more jobs needed by 2035 to keep up with demand of an aging population.

On top of this, employed workers outside the sector find themselves needing to leave work to become carers themselves due to staff shortages and cost of care, further slowing overall productivity.

As stated by Jeremy Hunt, Chair, Health Select Committee:

“The social care sector needs to recruit and retain the right number of staff, with the right skills, with support and recognition.” -

The role of EdTech and opportunities for investment

Investment in EdTech is critical to support adults in gaining the training they need to begin working in social care, and for workers to flourish in their careers through continuing professional development.

Experience gained through Ufi's grant funding for social care projects demonstrates how critical this training is, and the impact quality vocational technology - delivered well- can have on adult learners.

But while over £14bn in private capital has been invested into the sector in Europe since 2017, most of this funding has benefitted service-based companies. Investment into digital innovation within the sector is still relatively nascent.

Ufi Ventures: focus on social care

So for the next six weeks, closing on 15 April, Ufi Ventures is focussing on the opportunities for investment in social care; speaking to investors and innovators and raising awareness of the opportunities and potential for the sector.

During this period we'll be focussing our research and outreach on social care, and giving priority to discussions with founders and investors working in the sector.

We're also running a webinar (see below) to explore the challenges and being faced by founders and hearing from start-ups active in the space.

Contact the team

To find out more about our work in the sector, including our early-stage EdTech investments, please get in touch.

You can fill out our contact form or reach out to the Ufi Ventures team directly on LinkedIn.

Join the social care webinar

Ufi grant-funded projects focused on social care

You can explore all the organisations we have worked with in our VocTech Directory.

More about Ufi Ventures

  • Ufi Ventures

    Female engineer working on laptop.

    The UK’s specialist investor in EdTech to support adult skills and learning for work. Providing £75k to £1m in early-stage investment.

  • Ufi Ventures Portfolio

    Logos of the Ufi Ventures portfolio companies

    Building the future of adult learning and work in the UK.