Asquith Court Schools chief executive Peter Aughterson said Jarvis was the market leader in renovating or building new state schools in the UKthrough the Private Finance Initiative (PFI). The joint venture will seek to build and manage nurseries on the sites of maintained primary and secondary schools being developed by Jarvis through PFI.
The joint venture will also seek to build and operate Neighbourhood Nurseries. Other nursery chains have not sought to develop neighbourhood nurseries in significant numbers because the funding is distributed locally rather than nationally. However, Asquith Court has offered its services to early years development and childcare partnerships if they have a suitable site for a purpose-built neighbourhood nursery. Jarvis and Asquith Court will each hold 50 per cent of the shares of the joint venture company, which will have an independent management team and develop its own staff.
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