Within its Business Manifesto, ‘A Business Plan for Britain’, the British Chambers of Commerce (BCC), which represents thousands of businesses across the UK, argues that to retain the ‘best talent’ and develop ‘business leaders of tomorrow’ increased financial support for working parents to access childcare is needed.
It proposes introducing a Childcare Contribution Scheme (CCS) for working parents with a child under five, similar to a student loan, which could be used to pay for ‘high-quality’ childcare.
The proposal comes two years after Ryan Shorthouse, former researcher at the Social Market Foundation (SMF), originally put forward the idea.
Families eligible for the CSC would need to be in a household where the main earner is on at least £12,000 per year, the equivalent of full-time work at the minimum wage.
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