FCC has a new strategy and organisational structure in place and is now embarking upon a new phase of development using the insight gathered through evidence-based research, to advance ideas that will help shape future health and social care policy to deliver better outcomes for society.
The charity aims to facilitate and stimulate a national debate around health and social care provision. As a provider of insight and analysis, FCC will use campaigns, policy papers and a supporting programme of events to inform public policy. FCC also has a keen interest in how technology can transform health and social care outcomes, which will be a focus of its policy activities and wider partnership work.
Alongside policy and advocacy work, FCC aims to support innovative ventures, acting as a specialist start-up funder and investor through its separate Innovation Fund. This venture capital fund (FCC Ventures) is a subsidiary of FCC and the first Fund is expected to raise £40m. The Fund will invest in early stage high-tech health and care companies; the long-term vision is to create an evergreen fund.
The overarching philosophy of the Fund is to drive positive societal benefit and its key focus areas are: digital health, assisted living, services (with a high tech, high growth angle) and Class I medical devices (the least invasive). FCC believes that focused investment in these areas can, if targeted effectively, work across traditional boundaries to deliver improved health and social care outcomes.
The Charity began life as the National Nursery Examination Board (NNEB), established by the Ministry of Health in 1945. The NNEB merged with the Council for Early Years Awards in 1994 to form the Council for Awards in Care, Health and Education, otherwise known as CACHE. After the sale of CACHE in September 2015, the Charity changed its name to the Foundation for Training and Education in Care (FTEC) whilst trustees agreed on a new strategic direction. Following the discussions and the recruitment of new trustees, Future Care Capital (FCC) was established in February 2017, with Her Majesty the Queen as Royal Patron. The charity is sustainable and funded through an endowment.