Of the 122 respondents that took part in the National Day Nurseries Association’s (NDNA) survey for Wales, just 34 per cent said they expected to make a profit this year , while 65 per cent said they expected to only break even or make a loss.
The survey also found that hourly funding rates for three- and four-year-olds (the Foundation Phase) are currently the lowest in Great Britain at £3.15 per hour, compared with £3.94 in England. Nurseries are losing an average of £958 per child, per year.
The Welsh Government has pledged to offer working parents of three- and four-year-olds 30 hours free childcare over 48 weeks of the year from 2020, in comparison to 30 hours over 38 weeks in England.
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