Its report Quality Costs: Paying for High Quality Early Childhood Education and Care, says that childcare spending needs to increase from the current level of £4.4bn to £9.4bn, roughly one per cent of the UK's GDP.
This significant boost in funding is needed to radically improve staff pay and training and ensure childcare is more affordable for parents, claims the charity.
The report, which is the culmination of a year's research and involves input from the Institute for Fiscal Studies and the Social Market Foundation, says that free childcare entitlement needs to be increased to 20 hours a week for three- and four-year-olds and 15 hours for two-year-olds.
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