Funding

Grant Funding - For Children Over Three

Pinocchio's partnership agreement with their local councils means you can save money on your fees through grant funding.  This funding commences the first school term after your child's third birthday and is for 600 hours. 

In 2015/16, the amounts were: Edinburgh Council: £2,100 per year and Midlothian Council: £2,200 per year.

Your fees are reduced monthly, from the Autumn term 2015 funding will be issued over 10 months between September 2015 - June 2016. Which means you do not have to pay your fees in full in advance while waiting for the grant funding to be paid by the council.  Grant funding is available for children attending a minimum of two sessions. Grant funding amounts are reviewed in August every year.

Grant Funded only term time sessions- For Children Over Three

There are a limited number of places in each nursery for 16 funded hours per week, for 38 weeks of the year as per nursery schools.  As this would be fully funded, there would be no additional fees to pay. The nursery sessions would be for example: 3 afternoons per week: 2 sessions from 1pm to 6pm and 1 session 12pm-6pm. Please contact the nursery to check availability.  

Two Year Old Funding (Midlothian only)

16 funded hours per week for early learning and childcare are now available for children who are 2 years old in Midlothian who meet specific criteria. The nursery sessions would be for example: 3 afternoons per week: 2 sessions from 1pm to 6pm and 1 session 12pm-6pm. Please contact the nursery to check availability. Which would be fully funded, at no cost to the parent. 

The children must be looked after or the parent or carer is in receipt of out of work benefits—in particular:

•    Income support
•    Job seekers allowance (income based)
•    Employment Support Allowance (income based)
•    Incapacity benefit or severe disablement allowance
•    Pension credit

Term Time

We now offer term time placements for children of any age.  You would book your weekly set sessions and would not be charged outwith your term time dates (unless you booked extra sessions which are available as required).

Tax Credits / Childcare Vouchers

Tax credits are payouts made regularly by the government into bank accounts to support those with children or in work but with a low income. They're paid via the tax office and anyone aged over 16 who normally lives in the UK can apply to get them.
There are two types of tax credits. You can be eligible for none, one or both: Child Tax Credits -anyone with children, whether working or not, could be eligible.  Working Tax Credits - anyone who works, whether they've got children or not, could be eligible.  Remember to inform HMRC of your childcare costs when you do so. 

There is an online calculator to help you calculate how much you may be entitled to.  Click here.

Childcare Vouchers

Basic-rate taxpayers can pay for up to £243 of childcare with vouchers each month (£55/week). This is per parent, so two working parents could get £486 of vouchers each month. (This also applies to higher/top-rate payers who joined before 5 April 2011, as long as they don't take a break from the childcare voucher scheme of more than 12 months.)  The current scheme changes in Autumn 2015.

Childcare Vouchers or Tax Credits?

There is a handy online calculator available to decide if you would be better to use childcare vouchers or tax credits.  Click here.

Funding

For more information on funding, please click here.