The annual Children's Nurseries UK Market Report finds that the children's nursery market grew well ahead of the economy in 2012/13, rising 2.7 per cent in real terms.
It attributes the rise in value to an increase in demand for childcare - particularly a rise in the population of children under three in nurseries, which grew for the first time since 2007.
The total number of children attending nurseries is up by 1.6 per cent and children are attending for more hours on average than in the previous year.
The report also says that children's nurseries fared better than other services and industries during the recession in 2008 and 2009, and that its value grew 'modestly'.
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