Childcare is rarely an industry people go into to get rich. ‘Many early years providers are in it for the children,’ says Action for Children’s head of early years Sue Robb. But with the arrival of the Government’s 30 hours of funded childcare in September, early education providers must reach for their suits and boots, and swap the playroom for the boardroom. Training being offered by local authorities, membership organisations and private providers is increasingly being turned to.
Indeed, the need for settings to consider business structures, and gain skills in this area, is being made explicit. North Yorkshire Council, which has confirmed a universal hourly base rate of £3.90 before supplements are added, will use early years reserves to maintain current differential hourly funding rates during the summer term ‘to provide early years providers and schools time to review and re-calibrate their business models’. The current rates are £5.56 for childminders, £4.16 for nursery classes and £3.92 for full daycare providers.
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