Industry Analysis & Industry Trends
The Pre-Primary Education industry includes local authority nursery schools, privately funded schools, community organisations and private, for-profit businesses. Although nurseries are essential services for many working parents, the industry is not completely protected from wider economic conditions in the United Kingdom. Industry revenue declined in 2014-15 as cuts made to government childcare programmes were most severe during this year. However, revenue is expected to grow at a compound annual rate of 1.5% over the five years through 2016-17, fuelled by a healthy economic climate which led to increasing numbers of parents entering the workforce. This includes an estimated growth of 0.9% in the current year, reaching £5.8 billion... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Pre-Primary Education industry is in the growth stage of its economic life cycle. Over the decade through 2021-22, industry value added, which measures the industry's contribution to GDP, is projected to increase at a compound annual rate of 3.1%, slightly above forecast GDP growth at a compound annual rate of 2.3% over the same period. This indicates that the industry will account for a growing share of the overall UK economy.
The performance of the industry is strongly influenced by demographic trends, government policy and funding. The perceived worth of pre-primary education services has been bolstered in recent years by studies showing the high value of early years education in the learning development of children. Dem.. purchase to read more