Plan to deliver a fairer funding system for nurseries, preschools and childminders will help support families with the cost of childcare.
Major changes designed to deliver a fairer funding system for nurseries, preschools and childminders have been set out by
Education Secretary Justine Greening yesterday (11 August 2016) as part of the government’s manifesto commitment to support ordinary working families with the cost of childcare.
The new funding formula will replace the current system,which is based on how much a council has historically spent rather than how much it actually costs to meet the local need.The new approach will end this unfair system, giving organisations providing early years care the financial support they need to deliver the 30-hour free childcare offer to working families.
The government is already providing more support to families by investing record amounts into childcare - rising from £5 billion to £6 billion per year by the end of the Parliament - helping to double free childcare to 30 hours for working parents of 3- and 4-year-olds.
'We are committed to making sure this is a country that works for everyone, not just the privileged few. Education lies at the heart of this ambition and the early years are crucial to giving every child the best start in life.'
'We are working with nurseries, preschools and childminders to support working parents with the costs of raising a family, doubling our free childcare offer to 30 hours for working parents of 3- and 4-year-olds. But to deliver on that commitment we know we must give every area of the country the funding it needs.'
'These changes will transform the way we fund early years’ education, creating a fairer system that better provides the affordable, high-quality childcare families deserve.'
