30-hours Free Childcare

From September 2017, eligible parents of 3 and 4 year olds in England will be entitled to 30 hours of free childcare (increasing from the current 15 hours of government funded childcare already available). The criteria for eligibility for the extra 15 hours is to earn (or expect to earn) at least £120 a week for each parent over 25 years old and £112.80 a week for each parent between 21 and 24 years old. The parent should be seeking the free childcare to enable them to work.
Any parent that has an income of over £100,000 will not qualify. As you can imagine, these criteria fit a vast number of working families, which is great news for the parent but not so great news for the childcare provider. The money that the government gives to nurseries, pre-schools and childminders, more than often, will not cover the cost for delivering such care and worse still, funding for the scheme will not increase until 2020. This leaves many childminders in a situation of whether to offer the funding and take a reduction in income, or in some circumstances to give notice to families they have worked with for years, so they can offer their limited Early Years space to another child under the funded age and receive their full fee.
What’s you view? Will you be offering the funded hours?

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