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2m fund to boost childcare start-ups

A 2m scheme to encourage more people to set up as childminders, open nurseries and get more women into work has opened for applications.

From 1 May, individuals who wish to set up a new nursery or childminding business can apply for grants of up to £500 to help cover legal and insurance costs, training, equipment and adaptations to premises.

They will also be encouraged to join up with a free business mentor and access specially tailored business start-up advice. The scheme is intended to help launch 6,000 new childcare businesses.

Grants will be available over the financial year 2013/14. They will be either £250 for individual childminders or £500 for larger childcare providers. Businesses with more than six children can use the money to help pay towards the deposit on a new premises.

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