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00:00:00
>> International schools in Frankfurt are getting a Brexit boost. Many are experiencing a deluge of calls from bankers who are set to be posted to Germany's financial center from London with their families in tow. Frankfurt's the most popular place for banks to set up their new EU headquarters, and this has prompted a surge of interest in its 12 international schools as Regis Thomsons explains.
00:00:23
>> We've head a lot about Brexit, a lot about banks, a lot about banks moving to Frankfurt. But you don't really see anything happening really on the ground yet. But with schools, this is something that's really important for families and so what you do see is already on the school front.
00:00:38
A lot of motion is taking place to prepare for Brexit. Frankfurt's international schools teach in English and offer the baccalaureate program. Some are looking to expand to cope with demand. Studies show as many as 10,000 jobs could move here from London over the next four years and that could mean thousands of students.
00:00:56
>> Schools are really important for any family that's moving anywhere and I've talked to a number of educators who say that schools are really the one factor that could hinder any family from moving. And so there's really no difference for whether the families are banking families, or whether they're medical families, or any other family.
00:01:17
But school is always a really, really important factor for any family. And we're seeing that now reflected in what's going on with Brexit.>> Other cities like Paris and Dublin are building new schools to compete, but some in Frankfurt have been cautious about the uncertainty surrounding Brexit. The influx of bankers could be lower than some lobby groups estimate, and some may commute and leave their children in London.
00:01:41
As a backup, some schools are asking upfront financial guarantees to fund any significant expansion.