Nursery World - Nursery Management: Sustainability

As the recession starts to bite and parents lose jobs, what can managers do to safeguard the futures of their settings? Mary Evans looks at survival tactics.

Early years managers must steer a careful course through turbulent times in the coming months if they are to keep their settings afloat.

Economic forecasts are grim, particularly for a sector which had its own financial squalls to weather before the start of the downturn.

Providers are hanging on rather than bailing out according to Morvyn Hayes, partner in the business-sales specialist AH Lansley.

'We are still selling but we are not over busy,' he says. 'We are able to arrange finance for prospective purchasers but I do not think they all realise that, so they are holding back because they feel they cannot finance a purchase. Vendors feel the market is a bit depressed and prices are not good so they are hanging on for as long as they can.'

Register now to continue reading

Thank you for visiting Nursery World and making use of our archive of more than 35,000 expert features, subject guides, case studies and policy updates. Why not register today and enjoy the following great benefits:

What's included