Industry Analysis & Industry Trends
The Primary Education industry consists of almost 20,000 schools throughout the United Kingdom. Approximately 93% of primary school pupils attend state funded schools and academies, with the remaining enrolled at independent schools. Education funding is fairly safeguarded from external economic shocks and, although the recession dampened growth in education funding, no radical changes to primary education budgets have been made. This has aided the Primary Education industry by creating a relatively stable operating environment.
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 SWOT Analysis Chapter
The industry is in the mature stage of its economic life cycle, since it provides a well-accepted service and it is compulsory for children of primary school age to attend school. Industry value added, which measures the industry's contribution to the economy, is forecast to increase at a compound annual rate of 0.8% over the 10 years through 2019-20, compared with compound annual GDP growth of 2.2% over the same period. Demand for primary education is underpinned by demographic trends, and population projections suggest an increase in the number of primary school enrolments over the next five years.
The Primary Education industry receives a high level of public funding and this is unlikely to change significantly in the next five years... purchase to read more