Current Financial Sustainability
Providers were asked to rate their financial sustainability on a 10 point scale from 1 (weak) to 10 (strong). The table below shows the responses:
|
Childminders |
Day Care |
Holiday Activity Clubs |
Out of school |
Sessional |
All |
||
|---|---|---|---|---|---|---|---|
|
|
N= |
73 |
45 |
20 |
21 |
16 |
133 |
|
Weak |
1 |
0.0% |
2.2% |
5.0% |
4.8% |
6.3% |
0.8% |
|
2 |
1.4% |
4.4% |
0.0% |
0.0% |
0.0% |
2.3% |
|
|
3 |
15.1% |
6.7% |
10.0% |
9.5% |
6.3% |
10.5% |
|
|
4 |
5.5% |
0.0% |
0.0% |
0.0% |
0.0% |
3.0% |
|
|
5 |
11.0% |
11.1% |
5.0% |
9.5% |
12.5% |
12.0% |
|
|
6 |
17.8% |
8.9% |
15.0% |
9.5% |
25.0% |
16.5% |
|
|
7 |
20.5% |
20.0% |
35.0% |
33.3% |
25.0% |
20.3% |
|
|
Strong |
8 |
13.7% |
22.2% |
10.0% |
9.5% |
12.5% |
17.3% |
|
9 |
5.5% |
8.9% |
10.0% |
9.5% |
12.5% |
6.8% |
|
|
10 |
9.6% |
15.6% |
10.0% |
14.3% |
0.0% |
10.5% |
|
|
Mean |
6.3 |
6.9 |
6.7 |
6.8 |
6.3 |
6.5 |
- No provider type is significantly more likely to report poor financial stability then the average.
- 14% of providers report their financial stability as weak (0-3) whereas 35% of providers report their financial stability as strong (8+).
- The lowest rates of financial stability are found amongst Childminders in the South East (6 of 17 report weak stability), and Holiday Clubs in the South West (3 of 7 reporting weak stability). Although these represent a small number of providers.
- The highest rates of financial stability are found in the North East amongst Daycare, Holiday Clubs and Out of School providers.
Financial sustainability varies across settings and provider types. A minority of settings report weak financial sustainability. Overall financial sustainability appears to be reasonable, given the significant challenges facing the sector. A few settings are, however, reporting weaknesses that could potentially result in sufficiency issues. The local authority will need to continue monitoring the situation to ensure sufficient provision is available in the future.