Its ‘Pulse survey of childcare and early years providers’, finds that for almost half of nurseries and childminders, their income is not sufficient to cover their costs – a ‘significantly’ higher percentage than in Winter 2021.
A total of 1,857 people took part in the survey November last year.
To boost their income, 4 in 5 nurseries and childminders said they have had to make at least one change to help manage their finances -including increasing fees, caring for children and implementing additional charges.
Reducing spending on food and energy
A total of 70 per cent have reduced spending on food, materials or equipment and 56 per cent have reduced their energy consumption.
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