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Demand for childcare grows amid crunch

Childcare has been one of the few sectors to benefit from the economic crisis so far, according to a leading corporate agent.

Christie & Co, making predictions for the year ahead in its reportBusiness Outlook 2009, said that nurseries had experienced growingdemand for childcare, which had given them the opportunity to increaseoccupancy and revenue.

The report said that renewed confidence in the childcare sector had keptsale activity 'buoyant'.

Director Courteney Donaldson said, 'Throughout 2008, we witnessed a risein the number of people returning to work, in order to supplementhousehold income. This has not only boosted demand for childcare, it hasalso increased the sector's attractiveness to investors.

'The renewed enthusiasm from operators and investors was not limited tothe nursery sector. The appetite for various types of childcare,including specialist educational needs schools and foster care, wasstrong during 2008.'

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