You are here: News Many childcare providers face big financial problems as a result of the pandemic
New research, funded by the Nuffield Foundation and carried out by a team of researchers at the Institute for Fiscal Studies, the University of Birmingham, Frontier Economics, Coram Family and Childcare, and the University of Surrey, analyses how childcare providers’ finances are likely to have been affected by the lockdown, and how they might look going forward. It finds that more than double the number of private sector nurseries than pre-pandemic would have been running at a significant deficit during lockdown, with less than £4 in income for every £5 of costs. This is despite government support through continued public funding and the substantial furlough and self-employment schemes.
Megan Jarvie, Head of Coram Family and Childcare said:
For more information, please contact Emma Lamberton, Communications Manager, Coram at emma.lamberton@coram.org.uk / 0207 520 0427 /07908 827908 or Bonnie Brimstone, Head of Communications, Institute of Fiscal Studies at bonnie_b@ifs.org.uk.
About Coram Family and Childcare
Coram Family and Childcare works to make the UK a better place for families by bringing together what we learn from our on the ground parent-led programmes and our research to campaign for solutions that parents want and need. We focus on childcare and early years to make a difference to families’ lives now and in the long term.
Latest news
Childcare shortages across the country, with the most disadvantaged children missing out
9 March
Britain’s parents are paying 5% more for childcare for the under-twos than they were one year...
New survey reveals how cost of living crisis is hitting childcare sector - 72% of local authorities have seen providers in their areas increase prices and 48% have seen staff numbers reduced
30 Jan 2023
New survey reveals how cost of living crisis is hitting childcare sector - 72% of local...
Chancellor urged to use the budget to help parents hit by rising childcare costs and a sharp drop in availability of places
26 February
Britain’s parents are paying 5% more for childcare for the under-twos than they were one year...
Concern for inequality gap has increased as children from ethnic minority and disadvantaged backgrounds miss out
20 June 2022
Implications of COVID for Early Childhood Education and Care in England, found that the number...
Chancellor urged to use the budget to help parents hit by rising childcare costs and a sharp drop in availability of places
26 February 2023
Britain’s parents are paying 5% more for childcare for the under-twos than they were one year...
Coram Family and Childcare responds to the Work and Pensions Committee’s Inquiry into Universal Credit and Childcare Costs
February 2022
Our research found that the average price of 25 hours of childcare per week at nursery for a...