The Financial Times (p6) reports that the research will fire growing interest in the market among multinational service providers. It forecasts larger-than-expected revenues, partly as a result of proposals to fund 25,000 schools directly.
The research is contained in a report by Capital Strategies, the City coroporate finance house that specialises in training and education, and predicts a doubling of the market from the present£2.5bn.
Derek Foreman, director of operations for Cambridge Education Associates, which has secured the£100m contract for providing Islington LBC's education services, agreed with the estimated size of the market.
The government is experimenting with various models that could be used to integrate the schools market. In Rotherham, it has backed a stand alone brokerage that could be expanded to cover the whole south Yorkshire region.