How much will it cost?
Like any new venture, there are start-up costs involved in becoming a childminder. These figures are for illustration purposes only, but will help you understand how much the process is likely to cost.
Have a conversation with your local authority Early Years Team to see if they have funding available to help you set up as a childminder. This page about PACEY's Quality Start scheme will give the Early Years Team the information they need.
The Childcare Business Grant is also available for new childminding businesses planning to offer the 30 hours' free entitlement for 3- and 4-year-olds with grants of up to £500 for childminders, and £1000 if you're planning to offer childcare for disabled children.
*If you join both registers, you'll pay the lower fee. Different fees will apply if you join a childminder agency.
In Wales, some local authorities will fund these products and services. Please contact PACEY Cymru for more information.
There may be other associated costs as well, depending on your business model. For example, if you plan to play recorded music, you may need to apply for a joint PPL and PRS for Music licence and you're also likely to need to register with the Information Commissioner's Office which costs around £40.
Visit PACEY's Business Smart section for more help on setting up your business. It will support you to write a business plan, undertake market research and guide you through the ins and outs of your financial planning.
Business Smart is filled with useful infomation and guidance to help you set up a successful childminding business.