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<p>The Market Sustainability and Improvement Fund (MSIF) gives an overall profile
of almost £2 billion over two years. Local authorities can choose to use the funding
to increase fee rates paid to adult social care providers, increase adult social care
workforce capacity and retention, and reduce adult social care waiting times.</p><p>In
2023/34, a total of £927 million was made available to local authorities via MSIF,
with a further £1.05 billion being made available in 2024/25. The funding has been
distributed using the adult social care relative needs formula. Full local authority
allocations for 2024/25 are available in the Market Sustainability and Improvement
Fund Grant Determination 2024 to 2025 on GOV.UK in an online-only format.</p>
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