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Is there sufficient childcare in your area for parents who work outside normal office hours?
Is there sufficient childcare in your area for parents who work outside normal office hours?
Since spring 2010 Daycare Trust has been working with an inner city local authority to review the business and financial management of selected Children’s Centres. Daycare Trust has been providing support to identified Children’s Centres to improve the long-term sustainability and viability of the childcare provision. This support has been provided in three stages.
Stage 1In the first instance a full business health check was undertaken on all identified Children’s Centres, including:
Stage 2A financial workshop developed based on the gaps in skills and areas of support that were highlighted as a result of the business health checks. The workshop covered areas such as business planning for sustainability, budgetary management and risk analysis, fundraising strategies, reducing staff costs, setting and collecting fees/charges, maximising occupancy and commissioning. Stage 3To support the long term sustainability of the childcare provision a third and final stage of this project involved one-to-one support to develop working business plans. Each of these plans will be developed with the Children’s Centre managers and key staff to ensure ownership of the document, its progress and implementation. |
By starting with a comprehensive assessment of the current position of the Children’s Centres, Daycare Trust were able to offer tailored support in the short term to help them to address key issues affecting their stability and sustainability and provide systems and tools to enable the Centres to continue this work themselves in the future.
For further information on how Daycare Trust can support you and your providers in becoming more financially sustainable please contact Esther Burridge at eburridge@daycaretrust.org.uk or on 020 7940 7514.
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