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Challenges facing Childcare Businesses in the current economic environment

Challenges facing Childcare Businesses in the current economic environment . Carol Jenkins 15th July 2010. Places for People. One of the largest property management, development and regeneration companies in the UK. Creating neighbourhoods of choice. Not for dividend organisation

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Challenges facing Childcare Businesses in the current economic environment

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  1. Challenges facing Childcare Businesses in the current economic environment Carol Jenkins 15th July 2010

  2. Places for People • One of the largest property management, development and regeneration companies in the UK. • Creating neighbourhoods of choice. • Not for dividend organisation • Provides a range of innovative products and services aimed at improving the quality of life for people living in the communities

  3. Places for Children • Developed as part of regeneration strategy • Group of 12 Nurseries • 760 registered places • 7 nurseries in Children Centres • 5 wholly owned nurseries • 145 childcare staff

  4. UK NURSERY MARKET • Value of UK market £3880m • 1.2m estimated registered nursery places • Average UK occupancy 82% • Circa 203,000 Employees • Salary bill c£55m • Contraction in market capacity 2008 • Increase in distressed sales • Acquisition activity

  5. Key Issues Facing the Sector • Leadership and Innovation • Ensuring Early Years remains a central priority of Government policy • Single Funding Formula • Funding of skilled workforce • Ensuring world class Care and Early Years Education • Role of childcare in economic recovery

  6. The Childcare Industry must: • Focus on what matters and seek solutions. • Provide outward facing, future focused leadership • Seek to influence locality outcomes and deliver partnership and multi agency working to achieve positive outcomes for children. • Create vehicles for dialogue • Work our smartest with Vision – Optimism - Realism

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