The nursery opened on 1 September last year and was inspected by Ofsted on 1 February, and achieved an overall assessment of “good”. Ofsted rated it as “outstanding” for the effectiveness of the setting’s engagement with parents and carers. The nursery has 40 places and is planned to reach its break-even point of 28 places within three years. Currently, 12 places are filled, and a further eight children are registered to start within six months, making a total of 20.
This year the cost of the nursery will be approximately £50,000, but it is on track to break even ahead of schedule, and thereafter, as was planned by the Commission in bringing forward the nursery project, it will have no impact on the public purse—indeed, it will be a very modest net contributor to the House’s funds.