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SCHOOL SERVICES MARKET COULD DOUBLE TO£5BN

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A report published today by specialist corporate financiers predicts that the market for providing education servic...
A report published today by specialist corporate financiers predicts that the market for providing education services to the public sector could be worth£5bn a year by the end of the next parliament.

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.

'But as CEA has found from past experience, marketing directly to schools without an LEA intermediary or some other form of brokerage is an inefficient and costly undertaking,' he said.

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.

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