what are the key things you need to consider? Here, two experts from the
banking and property sectors offer some insight.
The property expert: Paul Miller, Redwoods Dowling Kerr
The first thing to do is to ask yourself a number of questions. Is your setting at a level where you require more capacity, and could you fill it? How would you use additional space? Is there sufficient long-term childcare demand in your area to justify expanding, and if so is there space within the existing setting or nearby to expand? How likely is it that planning permission will be granted for proposed expansion? What impact would this have on your nursery business? How will you fund growth?
Ideally, your existing setting should be performing well, and you will no doubt have a strong reputation within the local community for the quality of childcare that you provide, which is backed up by high occupancy levels.
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