| answer text |
<p>In the Spring Budget 2023, the Chancellor announced a transformative set of childcare
reforms aimed at increasing labour market participation. This included the largest
ever investment in childcare, including expansions of early years entitlements and
wraparound childcare.</p><p>The department expects to provide over £4.1 billion by
the 2027/28 financial year to fund the new entitlements (on top of increases also
announced for the existing entitlements): £1.7 billion in 2024/25, £3.3 billion in
2025/26, £4.1 billion in 2026/27 and £4.1 billion in 2027/28. These figures are for
England only.</p><p>At the Spring Budget, the government provided the devolved administrations
with additional funding through the Barnett consequentials in the usual way. Details
of the quantum of this funding are not held by the department.</p>
|
 |
