Doing the Sums: The Real Cost of Providing Childcare

On Thursday 29th August, Early Childhood Ireland launched a new report entitled Doing the Sums: The Real Cost of Providing Childcare with Meehan Tully & Associates Ltd.

Doing the Sums: The Real Cost of Providing Childcare

On Thursday 29th August, Early Childhood Ireland launched a new report entitled Doing The Sums: The Real Cost of Providing Childcare with Meehan Tully & Associates Ltd. researching the viability of various childcare financial models in Ireland amongst 596 survey respondents (including 220 community based; 362 privately owned services and 14 services who did not give their status).

The aim of the research was to examine whether it is possible to operate a viable childcare service that operates within the confines of the existing funding models; supports professional development for owners, managers and staff; provides a career pathway for those working in the sector. The research addressed these considerations by scoping out the costs involved in running childcare services, of varying operational sizes.

The report findings show a real issue with sustainability in the childcare sector, with the average childcare service in Ireland, whether private or community run, urban or rural, operates on a breakeven basis. It states that, even when a surplus is generated by a childcare facility, it is often too little to meet the cost of re-investment in the business.

 

To read the full press release, please click here

 

Click here to download the Report Executive Summary.

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The launch was very well attended by Members of the Oireachtas, policy makers, media and ECI members, who gave an invaluable insight into the reality of sustainability for services on the ground and the difficulty services are facing in recruiting qualified staff.

Teresa Heeney CEO of Early Childhood Ireland opened the launch:

To view more details and videos from the launch, please click here

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