An evaluation commissioned by the Department for Education found that 48 per cent of private providers suffered a decline in profits compared with 18 per cent who reported increased profits. Across all types of childcare provider, 40 per cent saw a drop in profits while 22 per cent saw profits rise.
Despite this, the evaluation concluded that the financial implications of the 30 hours policy did not threaten the success of the policy, which is due to be rolled out across England in September 2017.
The evaluation, which examined the outcomes of the policy in the eight early implementer authorities that adopted the policy in September 2016, advised that better business support could help providers address their concerns about the financial viability of offering additional hours.
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