ANNUAL REPORT 2018
S U STA I N A B L E , S C A L A B L E B U S I N E S S M O D E L
Exploring models
for expansion
KU
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At KU, expansion is fundamentally
driven by our desire for more
children to access high quality
early education. However, carefully
considered expansion can also deliver
a range of other benefits for both
KU and the community, including
increased impact through early
intervention services, maintaining a
strong not-for-profit presence within
an increasingly commercial market,
and improving the long-term security
and cost management of services
through property ownership.
Amidst a changing competitive
and funding landscape, such as we
experienced in 2018, achieving our
strategic goal of a sustainable and
scalable business model becomes
even more important. Throughout
the year, KU was able to achieve
growth in our portfolio of services by
pursuing a range of traditional and
innovative expansion opportunities.
Following the acquisition of a site in
Melbourne’s north-western suburbs,
KU is now in the process of designing
and constructing a purpose-built
centre. The new service will offer
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