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Budget 2023: Early years sector cautiously welcomes investment

3 mins read Early Years
Early years leaders have cautiously welcomed increased investment for providers and parents, announced as part of Jeremy Hunt's latest Budget, but fear measures "will not go far enough" to address challenges facing the sector.
Early years leaders urge government to work with the sector to implement childcare expansion. Picture: Halfpoint/Adobe Stock
Early years leaders urge government to work with the sector to implement childcare expansion. Picture: Halfpoint/Adobe Stock

The Chancellor of the Exchequer revealed a series of measures for the early years sector during his 2023 Budget on Wednesday (15 March), including the expansion of access to funded childcare hours.

Under these reforms, working parents of two-year-olds will be able to access 15 hours of funded childcare per week from April 2024, which will be extended to parents of nine month to two-year-olds in September. From September 2025, all children under five will have access to 30 hours of free childcare, Hunt said.

In addition, the hourly rate paid to providers delivering these hours will increase by £204 million from September this year, rising to £288 million next year.

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