In this issue of Nursery Business, we start off with a look at the supply-side funding currently on offer to some London nurseries, under the Childcare Affordability Programme (CAP), a scheme designed to create affordable and high-quality childcare places within the capital. With so many private providers seeing their sustainability under threat in the current market, such a scheme is to be welcomed, and many within the sector increasingly see supply-side funding as the only way to guarantee their future. But the scheme also highlights the complexities of early years funding.
In this issue of Nursery Business, we start off with a look at the supply-side funding currently on offer to some London nurseries, under the Childcare Affordability Programme (CAP), a scheme designed to create affordable and high-quality childcare places within the capital.
With so many private providers seeing their sustainability under threat in the current market, such a scheme is to be welcomed, and many within the sector increasingly see supply-side funding as the only way to guarantee their future. But the scheme also highlights the complexities of early years funding.
Qualifying for the project is complicated. One criterion is that nurseries charge a minimum of 175 a week. Then, a few weeks ago, the Government announced that nurseries would have to charge a maximum of 175 a week to qualify for financial support for training and recruitment through the Transformation Fund.
Surely the time has come for Government to totally overhaul childcare funding, rather than creating yet another scheme with another complicated layer of qualifying criteria?
