Throughout the country, investors are buying up childcare organizations. Part of the sector and the House of Representatives want a ban on profit distributions, especially if childcare becomes almost free.
Source:
Het Financieele Dagblad (The Financial Times)
Format:
Article
Publication Date:
21 Mar 2022
EXCERPTS [via Google Translate]
In brief
- The share of childcare owned by large investors has risen to about 15% in recent years.
- Part of the sector and the House of Representatives want a ban on profit distributions in the sector, so that the money goes back to the shelter.
- Investors argue that a ban on profit does not affect them directly, because they only make a return on the sale of childcare at a later date.
'Large investors are going through the industry like vacuum cleaners to buy up smaller childcare organizations to later sell them with a lot of profit,' says Loes Ypma. She is the chairperson of Branchevereniging Social Childcare (BMK), the part of approximately 40% of the market that operates on a non-profit basis. She hears from many members that investors are looking for buyable organizations. Other parties confirm that.
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"It is bizarre that the cabinet wants to make childcare free, without doing anything about profit distributions"
- Spokesperson for the GroenLinks parliamentary party
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