Nursery World - YMCA sells a fifth nursery due to rising costs and underfunding

Five early years settings put up for sale earlier this year by the YMCA, the UK’s largest charity provider of childcare, have secured new owners.

YMCA has sold five of its nurseries to alternative providers after warning of their closure, PHOTO: YMCA

The YMCA’s 45 place setting in St Vincent’s College, Gosport, Hampshire is the latest sale to complete. It has been bought by Vicky Morey, who also runs Rosie Little Blessing Nurseries in the area.

Average nursery loses £32,000 a year by subsidising 15-hour childcare

The charity took the decision to close and sell the premises earlier this year amid concerns around a lack of Government funding to meet running costs.

The property advisor involved in the sales, Christie & Co, confirmed that five YMCA sites in the south of England have now been sold to other providers.

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