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Donegal County Childcare Committee report reveals cost of childcare

Avril mcMonagle, DCCC Manager.

Avril mcMonagle, DCCC Manager.

THE annual cost of full-time childcare for two-child family is €16,500 according to new report released this week.

The report, commissioned by the Donegal County Childcare Committee, was launched on Wednesday by Minister for Children and Youth Affairs, Frances Fitzgerald.

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A major economic report revealing that the cost of childcare in Ireland is creating a barrier for parents who want to return to work.

Conducted by Indecon International Economic Consultancy Group, the nationwide report, entitled ‘Supporting Working Families – Releasing a Brake on Economic Growth’, examines potential policy options to address the childcare obstacles that exist as a barrier to employment.

According to the report, typical full-time childcare costs range from €730 – €1,100 per month, and a two-child family would spend €16,500 annually on full-time childcare.

These barriers to employment are particularly severe among lower income groups, with 56 per cent from this group indicating that childcare prevented them from looking for a job.

The report proposes two policy initiatives to reduce barriers to employment arising from childcare costs with a particular focus on solutions for families most in need.

These options include a tax incentive to assist low-income parents in employment in funding the cost of childcare, and a direct payment to families related to the cost of childcare through the Family Income Supplement Scheme (FIS)

Results from primary research show that a childcare incentive would increase labour market participation with 59 per cent of those surveyed indicating that such an incentive would encourage parents to return to work.

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With 32,000 families currently assisted under FIS eligible for Community Childcare Subvention (CCS) support, the report proposes widening the range of childcare options available to these low-income families.

The full report can be downloaded from www.donegalchildcare.com

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