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Children's centre care makes loss
By Simon Vevers,
Nursery World,
14 August 2008
More than half the full daycare providers in children's centres are now operating at a loss, a Government survey has revealed, reinforcing concerns about the long-term sustainability of the programme.
The 2007 Childcare and Early Years Providers Survey, carried out for DCSF by BMRB, found that the financial position of providers had 'worsened', with the number of children's centre nurseries losing money rising from 37 per cent in 2006 to 52 per cent last year, while 7 per cent made a profit. It also revealed that daycare settings in children's centres had the highest average annual expenditure - £196,000 compared to £116,000 in childcare settings...
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