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Cost of Childcare Posted on by childcaremanagement

Interesting report looking at the cost of childcare and performance of nurseries throughout the UK in 2013.   Key information, summarised below:

  • Average hourly rate of childcare in the UK – 0-2 £4.26/ 3-5 £4.15
  • Average hourly rate of childcare in Scotland – 0-2 £4.04,/3-5 £3.77
  • Scottish Average for 25 hours of Childcare – 0-2 £101.19, 3-5 £94.35

National Statistics

  • 67% of nurseries have witnessed parents using family and friends for childcare.
  • 80% of nurseries have witnessed more part time children in their care
  • Average occupancy 71%
  • 39% of nurseries have witnessed an increase in parental debt
  • 10% of nurseries have made redundancies in the last 12 months
  • 43% of nurseries have reduced staff hours in the last 12 months
  • 40% of nurseries are confident about their business.
  • 13% of nurseries expect to make a loss.
  • 44% of nurseries expect to make a profit.
  • 33% of nurseries plan to expand.
  • Average fee increase is 1.87%, current rate of inflation is 2.7%

 

Top 5 Business Challenges

  • Increase in utilities costs.
  • Increase in staff wages.
  • Achieving a profit.
  • Controlling costs.
  • Delivering a sustainable educational offering.

 

943 settings contributed to the survey.

For more information:

http://www.daycaretrust.org.uk/data/files/Research/costs_surveys/Childcare_Costs_Survey_2013.pdf