Childcare can help children build relationships and a sense of independence, whilst their cognitive development can thrive with a day of play and activities.
Childcare also enables parents to carry on working or learning and financially support their family.
So what’s the problem?
Childcare is one of the largest expenses for any family with young children. In 2019, the average cost of part-time childcare for a child under two in nursery was £6,600 a year.
Raise this to full time, and on average a parent or guardian would spend £12,600 on one child’s care alone. Depending on your social or financial situation, investing in such support can run the risk of putting your family into unnecessary debt.
Over the last few years, the government has been providing better support for parents, including the introduction of 30 hours free childcare for those eligible. But, for those who are ineligible, should the unexpected happen – a redundancy, loss of income or other financial distress – families can suddenly find themselves struggling to get by and unable to afford childcare which, at worst, can either force parents out of work or education, or prevent them from regaining suitable employment.
How can the MCF help?
Whether it’s support for pre- school children, breakfast and afterschool clubs for school-age children or holiday care – for parents who find themselves with an unexpected loss of income and are struggling to continue childcare, we may be able to help.
We will consider whether we can support you with costs for everyday living and, if we can, we will then consider funding up to 52 weeks of childcare per year. This support helps to bridge the gap between the affordable and unaffordable, and can keep a parent in work or on a path that’s leading them into employment.
In 2019, we gave £41,649 to parents in need of childcare support.
If you are from a low-income family, we can consider support to help you to increase your household income – whether that’s help with CV writing or funding for training courses – in turn giving you more money to spend on childcare should you wish.
So if you’ve found yourself in an unexpected situation and you’re finding it difficult to afford your childcare costs, get in touch with us today.