Do You Know How Important Childcare Is In Boosting Our Economy?

Accounting firm KPMG is calling on the federal government to boost subsidies for childcare in the October budget to 95% of total costs.

In an interview with the Australian, KPMG Australia Chair Alison Kitchen said moving towards fully funded childcare was particularly important in saving jobs given that the social and economic impact of COVID-19 fell more heavily on women.

“The government is looking for ways to stimulate the economy, boost access to jobs and improve productivity”, she said. “We believe focusing on making childcare more accessible and affordable is very timely, given the impact of childcare on worker productivity and economic activity.”

This will be a major boost for the childcare industry and there is talk of a 100% funding of total costs.
Childcare is such an important driver for our economy, the more Mums and Dads can work the more productive our population becomes. GDP will skyrocket under this proposal. Childcare is an ethical investment providing a highly valuable service, important for our children’s development.

To achieve success either as an Operator wanting to develop a new centre or an Investor/Developer or Builder you should contact us. We have been responsible for the creation of more than 2,500 childcare places within the childcare sector, and we understand every facet of the business, development, and design of childcare.