CEC's strategic partnership with the Ely Property Group will benefit from significant tax breaks, which allow investments in childcare facilities to be offset against income tax.
David Alexander, CEC chief executive, said the property company would look for suitable sites for nurseries, which would be run by CEC.
He said, 'The south of Ireland is short of childcare and we have always wanted to have a presence over there. It's a big growth area and the tax breaks make it financially very viable.'
He believed the timing was right because childcare is currently high on the political agenda and the Irish government is 'very supportive of childcare and will increasingly be so'.
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