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Childcare Costs

Laura Bowyer

Updated: 5 hours ago

In the latestest update from the Chancellor significant reforms to childcare support in the UK are announced.


The Chancellor’s speech on March 15th highlighted the governments commitment to driving growth and improving the economy through the biggest ever employment package and investment incentives in Europe.


One of the key initiatives in the update is the introduction of 30 hours free childcare for every child over the age of 9 months for eligible working parents by September 2025. This support will be phased in, starting with 15 hours of free childcare for working parents of 2 year olds in April 2024 and extending to 15 hours of free childcare for working parents of 9 month to 3 year olds in September 2024.


In addition, the government will pay upfront the childcare costs of parents on Universal Credit moving into work or increasing their hours, rather than in arrears. This removes a significant barrier to work for those who are on benefits and supports nearly half a million parents with a child under 3 in England not working due to caring responsibilities.


To further support the childcare sector, funding paid to nurseries for the existing free hours offer will increase by £204 million this year and to rise to £288 million next year. Schools and local authorities will also be funded to increase the supply of wraparound care, makin git easier for parents of school age children to work.


The government will also pilot an incentive payment scheme from Autumn this year, offering £600 to those who sign up to become childminders (rising to £1,200 for those who join through an agency). This will help to increase the number of childminders available, giving parents greater choice and affordability.


These initiatives reflect the government’s commitment to supporting working parents and driving growth in the economy.


Disclaimer: Our blog content is for marketing or general information purposes only and doesn't constitute legal advice. Whilst we aim to provide accurate and up to date information, it should not be relied upon as a substitute for advice tailored to your specific circumstances. Reading this blog doesn't establish a client relationship with us. For formal advice please contact us directly: info@affablepartner.co.uk

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