Nurseries: Finance
The question
To ask the Secretary of State for Education, if she will make an assessment of the financial viability of nursery groups funded by (a) private equity firms and (b) venture capital funds.
Answered by Olivia Bailey
It is our ambition that all families have access to high quality, affordable and flexible early education and care, giving every child the best start in life and delivering on our Plan for Change.
One of the signs of a healthy market is a range of providers offering choice and flexibility for parents.
As laid out in the Best Start in Life strategy, the department keeps the structure of the market, including the role of private equity, debt, profit levels, and the prices that parents pay, under close review.
As of the most recent data available, 7.5% of places are with providers that have private equity backing, up from 4% in 2018.
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