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Money Box

Money Box Live: Cheaper Childcare?

Oct 2, 2024
Jonathan Broadbury, Policy Director at the National Day Nurseries Association, Lydia Hodges from Coram, and Claire Roberts, CEO of Kids Planet, dive into the impact of new childcare funding. They discuss the introduction of 15 funded hours of childcare for parents of children aged 9 months and the anticipated increase to 30 hours. The group addresses challenges in meeting demand, the financial strain on families due to rising nursery fees, and the importance of accessible childcare options. Furthermore, insights into Northern Ireland's new subsidy scheme highlight its potential benefits and concerns.
28:12

Podcast summary created with Snipd AI

Quick takeaways

  • The introduction of 15 funded childcare hours significantly alleviates financial burdens for working parents, reducing costs by up to £200 monthly.
  • Despite the funding initiatives, parents face challenges securing nursery placements due to increased demand and staffing shortages in the sector.

Deep dives

Funding for Childcare Relief

Recent changes in England provide working parents of children as young as nine months with 15 funded hours of childcare each week during term time. This initiative aims to alleviate the financial burden of early childhood education, which can cost around £14,000 annually for full-time nursery care. Parents have reported significant savings, with some estimating reductions of up to £200 a month as they can transition back to work more easily. This shift has sparked increased demand for childcare placements, highlighting a potential gap in available spots for families seeking this support.

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