Having officially moved out of recession in the last quarter of 2009, the UK, according to recent Bank of England (BoE) forecasts, will experience continued GDP growth in 2010 as a result of the substantial easing in monetary policy, as well as an increased level of demand for UK exports after the fall in the value of the pound. As business activity increases, a number of opportunities for growth are likely for nursery operators this year.
However, before we get too carried away, it is also worth pointing out that any recovery is expected to be fragile. In its recent Inflation report, the BoE also highlighted that the need to strengthen public and private finances will put considerable pressures on spending, while the availability of credit is also expected to continue to be restricted. While it is true that overall lending to businesses declined during 2009, the BoE has also recently conducted a credit conditions survey which suggests conditions had improved across the market in the latter part of the year.
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