The Care Quality Commission (CQC) took on responsibility for the market oversight scheme set out in Sections 53 to 56 of the Care Act 2014, on 6 April 2015. CQC published guidance for providers on the scheme in March 2015. Forty three corporate providers of adult social care services were informed in April 2015 that they would be subject to the scheme.
The CQC is funded from two sources: fee income, levied on the health and social care providers that it regulates; and grant in aid (GIA) funding from the Department. The grant in aid allocated to the CQC for 2015/16 is £120 million. The provision of GIA, which is described as unspecific support, is intended to finance CQC’s spending including resources such as those associated with market oversight.