The scheme offering grants of up to £500 to people in England who want to start their own childcare business has been extended until 31 December 2014.
The government's Childcare Business Grant Scheme has already approved over 4,500 successful applications to help new childcare businesses get off the ground.
The initiative, which was launched in April 2013, aims to support over 7,000 new childcare enterprises. It helps people pay for things like training, equipment, insurance and adaptations to premises that can otherwise be tough when you're setting up a new business.
Minister for Women, Nicky Morgan said:
This is a fantastic opportunity for people who are, or maybe thinking of, starting up their own child minding or nursery business. We are offering grants of up to £500 to help budding entrepreneurs with some of their start-up costs.
Thousands of people have already applied for a grant, but I want even more people to benefit which is why we are extending the scheme until the end of the year. I would urge anyone who is interested to apply as soon as possible to ensure you don't miss out.
The scheme intends to have a double effect in both making sure there is more childcare available for women who want to go back to work whilst enabling others to set up their own business.
New businesses are also being encouraged to team up with a free mentor so they can access specially-tailored business start-up advice.
Childcare Business Grants
The new Childcare Business Grants Scheme has been introduced
to boost the provision of childcare in England and to incentivise
entrepreneurship. It will encourage and support the starting
up of new childcare businesses by providing a flat rate start-up
• £250 for new childminding businesses setting
up in England (those who are looking after one or more children
to whom they are not related, on domestic premises, for reward
and for a total of more than 2 hours in any day);
• £500 for new childminding businesses, as above,
that will provide care for disabled children (applicants will
need to demonstrate that they have incurred additional expenditure
in setting up their business as a result of this);
• £500 for new nursery, out of school club, or
childcare on domestic premises setting up in England.
GRANTS ARE TO SUPPORT THE ESTABLISHMENT OF NEW CHILDCARE
IF YOU ARE
ALREADY RUNNING A CHILDCARE BUSINESS OF ANY SORT, YOU
ARE NOT ELIGIBLE FOR A GRANT, EVEN IF YOU INTEND TO
USE THE GRANT TO START A NEW NURSERY ON NEW PREMISES.
PLEASE BE AWARE THAT SCHOOLS,
EITHER INDEPENDENT, PRIVATE OR PUBLIC WHO ARE PLANNING
TO START AN AFTER SCHOOL CLUB, BREAKFAST CLUB, OR OTHER
CHILD CARE FACILITY ON SCHOOL PREMISES AND RUN BY THE
SCHOOL ARE NOT ELIGIBLE TO APPLY FOR THIS GRANT
We will only accept applications from claimants who can demonstrate
their intent to start a new childcare business.