The economic climate is putting nursery managers under intense financial pressure to maintain sustainability against a background of Government cuts coupled with a sharp fall in family spending.
However, necessity is the mother of invention, and providers are finding ingenious ways to cope with changing patterns of demand as well as launching new initiatives to build their businesses in these times of austerity (see case studies).
For the foreseeable future, the childcare sector has little prospect of seeing the financial pressures significantly easing. According to the Office of National Statistics, UK households suffered a drop in disposable income of 2.7 per cent in the 12 months to March 2011 - the highest in 30 years.
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