FOR IMMEDIATE RELEASE
- More than 200 businesses and charities have now signed up in support of the Childcare Voucher scheme.
- In total, these employers represent over 110,000 members of staff – many of whom could lose access to the Childcare Voucher scheme when it closes on 4th October.
- With one month remaining until the scheme closes, employers and staff across the UK urge government to reverse this decision to close the vital workplace benefit.
The number of employers in support of keeping Childcare Vouchers open has exceeded 200.
With less than one month to go until the scheme is due to close to new entrants, there has been a surge in support from businesses and charities calling on the government to keep the vital workplace benefit open indefinitely, alongside Tax-Free Childcare.
Over 210 employers of all sizes, representing around 110,000 members of staff, have detailed how important the scheme is for positive employer and employee engagement and in promoting a health work life balance for parents.
The government plans to close the Childcare Voucher scheme to new entrants on 4th October after having granted a six month extension to the scheme in March.
However, the government has yet to complete a proper analysis of the winners and losers of removing Childcare Vouchers and replacing it with Tax-Free Childcare, despite a recommendation to do so the Treasury Committee, chaired by Nicky Morgan MP.
Research from the CVPA shows that the closure of the Childcare Voucher scheme will leave the majority of working families with less support for childcare. The CVPA found that at least 90 per cent of families will be better off using Childcare Vouchers, Tax Credits, or a combination of the two, than they would be under Tax-Free Childcare, placing greater financial burdens on working families.
An Early Day Motion, tabled by Catherine McKinnell, Labour MP for Newcastle North, has now reached 56 signatures.
- Beatrice Allen on 020 3102 3626 or at email@example.com.
Notes for editors:
- The CVPA is the industry association established to represent the views of Childcare Voucher provider companies. CVPA members establish self-regulation of the childcare voucher industry, providing a benchmark in terms of quality of service employers can expect.
- The campaign to #SaveChildcareVouchers was launched in May 2018 ahead of the planned closure to the Childcare Voucher scheme on 4th October 2018. It urges parents, employers, and childcare providers to lobby their MP to urge the government to keep the scheme open.
- There are over 780,000 parents currently using Childcare Vouchers. Childcare Vouchers have benefitted millions of parents since its introduction in 2005.
- 210 employers representing 110,999 employees have signed the business pledge to #SaveChildcareVouchers.