'Large drop' in occupancy and increase in insolvencies hits childcare market

Nursery owners are being hit by a decrease in occupancy which is making them less able to be resilient in the face of wage hikes and funding shortfalls, a property expert said today.

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Despite investors continuing to see the sector as lucrative, Courteney Donaldson said that a drop in demand was a ‘common theme’ being felt by nursery owners ‘from the south east to the north west’ of England last year, leaving some fearing they would not be able to make ends meet when the National Living Wage (NLW) rises in April.