Industry Analysis & Industry Trends
The Primary Education industry teaches almost 5 million students across the United Kingdom. The industry does cover independent schools, but 93% of primary school pupils attend state-funded schools, including academies and free schools. Independent schools enrol the remaining 300,000 pupils. Primary schools have largely been spared from the spending cuts announced by the government in late 2010. Funding has risen throughout the five years from 2009-10 in nominal terms. However, this translated into minor decreases in real revenue over the three years though 2012-13.
The government has converted a number of local authority-maintained primary schools into academies, which are centrally funded... purchase to read more
Industry Report - Industry Investment Chapter
The Primary Education industry has a moderate level of capital intensity as the main expense for schools is wages. Primary schools employ full-time qualified teachers and support staff such as teaching assistants, special needs support staff, secretaries, bursars and technicians. Schools require a particularly high level of labour because pupils must be supervised at all times. The proportion of part-time staff has increased over the past five years because operators have been employing cost-cutting measures. Schools also employ catering and cleaning staff. Wages are estimated to account for 56.3% of revenue in 2014-15.
Capital expenses, by comparison, are small, representing 8% of industry revenue. They mainly relate to teaching aids, kitchen equipment and safety equipment... purchase to read more