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Managed budget

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Definition

of

Managed budget

from

NE Lincolnshire Council: Social Care Handbook

Focus Adult Social Work
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Where a person asks the council to directly provide them with services to the value of their personal budget.

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Plain English definition

of

Managed budget

from

Think Local Act Personal (TLAP) Jargon Buster

Think Local Act Personal
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When your council allocates an amount of money to you as a personal budget, you can take this either as cash through a direct payment or as a managed budget (also known as a virtual budget). If you take it as a managed budget, the council manages the money for you to arrange the services you choose, and you aren't responsible for paying directly for the services you receive.

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Synonym of
Not to be confused with
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Managed budget

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