Nurseries and childminders under extraordinary financial pressure – Tulip Siddiq
Tulip Siddiq MP, Labour’s Shadow Minister for Children and Early Years, responding to an Early Years Alliance survey showing that fewer than half of parents planned to take up their childcare place and 69% of early years providers expect to operate at a loss for the next six months, said:
“With significantly less demand for childcare than usual, nurseries and childminders are going to be under extraordinary financial pressure in the weeks ahead.
“There is currently no additional funding to help childcare providers manage this difficult transition, or even pay for vital safety measures such as PPE and regular cleaning. Over two-thirds of nurseries and other childcare businesses expect to operate at a loss for at least six months, so without more support, it is unclear how many will be able to survive.
“The Government needs to wake up to the reality that millions of childcare places could be lost in this crisis unless there is a properly funded plan to save the early years sector.”