"prospect of expansion" is correct and usable in written English.
You can use it when you are discussing a future possibility of growth. For example, "The company is looking forward to the prospect of expansion into new markets this year."
The European model has something specific to offer, and he is not alone in disliking the prospect of all expansion of business education acquiring an American accent.
The prospect of the expansion of slavery into the West frightened Schurz; he was especially disturbed by the "overbearing," "defiant" and "dictatorial" manner of Southern slaveowners, who reminded him of the aristocrats of Europe.
Despite the new commission, the prospect of further expansion of NATO has receded in the past two weeks.Russia's leaders are confident not only because of their local military superiority.
A more serious view is taken by others, who point not only to the heavy "break" in certain commodity prices which has accompanied the slump, but to the danger that Wall Street losses may have gravely shaken the psychological confidence of America in the prospect of unlimited expansion.
The ability of high throughput genomics, proteomics, and other 'omics' platforms to profile a large number of analytes in a single assay, together with the pending prospect of rapid expansion of whole exome and whole genome sequencing for clinical use, is increasing the technical and logistical complexity of biomarker validation.
Mills' inauguration has created a swell of hope among public health and addiction experts, who looked forward to the prospect of Medicaid expansion in Maine.
The interviews were focused on the evaluation of the respondents about what has changed, what would be, in their opinion, the pros and cons of the new process and how they viewed the prospect of its expansion within the SUS.
Increasing water use efficiency (WUE) associated with crop production is a way for arid and semi-arid areas to increase their agricultural production where there is little or no prospect for expansion of water resources.
Uber isn't saying too much about its wider plans for UberCommute just yet, although it seems optimistic about the prospect of global expansions.
The carbon credit market has created optimistic prospects for expansion of the Brazilian forest sector.
