Industry Analysis & Industry Trends
The General Secondary Education industry is undergoing changes, with government reforms under way to convert publicly funded schools (both primary and secondary) into academies. The coalition government hopes to raise education standards by granting schools increased autonomy to set their own curriculum and manage their affairs independently of local education authorities. Besides this, the compulsory school leaving age will be raised gradually from the current 16 years, to 18 by 2015.
The industry relies heavily on government funding, which is tied to the number of student enrolments. The population of 11- to 18-year-olds has remained almost unchanged since 2008, meaning that funding growth has also been flat. Industry revenue is forecast to decline by 0.4%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the mature stage of its economic life cycle. Industry value added is forecast to rise by an average 1.0% per annum in the 10 years through 2017-18, which is equivalent to the forecast rate of growth for the overall economy, based on GDP projections for the same period. Demand for secondary education is underpinned by demographic trends. The secondary-school age population has shown flat growth over the last five years, limiting enrolment growth for this period. Since the beginning of the global financial crisis there has been a shift away from non-government schools to government maintained schools. This can be somewhat explained by the weaker economic environment and declining household disposable income as the economy fell into a lengthy recession... purchase to read more