It has been announced that the government will fund a further £2 million extension to the Childcare Business Grant scheme, taking availability of funding into 2015-2016.
The Grant was introduced to boost the provision of childcare in England and to incentivise entrepreneurship. It supports new childcare businesses by providing a start-up grant for new nurseries, out of school clubs and other domestic settings.
The value of the grants will be doubled and extended to existing childcare businesses that have been trading for under a year.
Nicky Morgan, Minister for Women and Equalities, said: "Working families benefit from a thriving childcare sector, with the scheme supporting up to 3,000 new childcare businesses in the next financial year.”
“I am pleased to inform the House that, from this April, we are doubling the value of the grants available to childminders and nurseries. We will also extend the scheme to existing childcare businesses that have been trading for under one year."
Any claims approved either on or after 1st April 2015 will be paid at the new rate.
However, the scheme will not apply to any childcare businesses which have previously applied for or received the Grant; they will not be eligible to apply again.
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