Care homes outsourcing group Caretech has announced it expects to see a boom in its business in the upcoming year.

The prediction follows the company’s unveiling of a jump in revenues, thanks to full-year contributions from its acquisitions, it was reported in the Financial Times.

The current climate and subsequent tightening of local authority finances will contribute to the increase in business, according to Caretech.

“There’s a growing trend toward the outsourcing of care in the current economic climate of expenditure cuts,” said Farouq Sheikh, executive chairman.

“A lot of the [directly provided] local authority care is actually costing us as taxpayers more money, so that’s going to drive the outsourcing process,” he added.