Care companies in Ceredigion are threatened with closure because of a looming funding crisis, according to a health care chief.

Mario Kreft, chair of Care Forum Wales, also fears that the planned introduction of the living wage in the social care sector will have “catastrophic” consequences unless more money is found to pay for the spiralling costs of care.

The Five Nations Care Forum, which represents the sector in the home nations and the Republic of Ireland, are so concerned they have written to Chancellor George Osborne warning him it could push many care and nursing homes and domiciliary care companies over the financial edge.

According to the Five Nations, the social care workforce deserve to be better rewarded but nobody has worked out how it’s going to be paid for.

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