Business Sustainability Plant growing

Sustainability is a big issue for nursery businesses which often operate to very tight margins. Explore the two significant financial pressures alongside rising utility bills and our guidance below.

National Minimum Wage and National Living Wage

In April 2016 average nursery pay rolls increased by 11% following the introduction of National Living Wage, and are set to go up by 30% in total as wages continue to rise to 2020 to a projected £9 per hour. NDNA supports the principle of better wages for nursery staff but better Government funding is required to help childcare providers to meet this expense.

Resources:

Rising Business Rates

Rising Business Rates, in many cases by 50% or more from April in England, Scotland and Wales, will put an additional burden on nursery finances. NDNA member benefit partner, commercial property consultancy, Lambert Smith Hampton, is able to work with member nurseries to request a re-evaluation. NDNA is campaigning for 100% exemption from Business Rates for nurseries.

Resources: