Kevin Foster has welcomed a major new childcare package unveiled by the Prime Minister today which will help 310,000 families in the South West Region.
The Governments’ new Tax-Free Childcare scheme will provide 20 per cent support on childcare costs up to £10,000 per year for each child via a new simple online system. The limit had previously been set at £6,000. This now means support of up to £2,000 per child per year.
In addition, to help more families move off of benefits and into employment, the Government also announced that it will cover the 85 per cent of childcare costs for around 300,000 families receiving Universal Credit, making sure work always pays.
Kevin Foster said: “When out on the doorstep one of the issues mentioned by local families is the cost of childcare.
“This announcement is therefore great news for children and families in the bay. These measures will help parents provide more financial security for their families, while directing extra support to those children from disadvantaged backgrounds.”
Prime Minister, David Cameron said:
“Tax free childcare is an important part of our long-term economic plan. It will help millions of hard-pressed families with their childcare costs and provide financial security for the future.”