Childcare deposit scheme

Questions to the Mayor of London – answered on 14th November 2019.

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Photo of Caroline Pidgeon Caroline Pidgeon Liberal Democrat

Please publish a table showing the number of employees who have applied for interest-free loans to assist with the up-front costs of childcare provision, as announced on the 27 January 2017, showing figures for (a) Greater London Authority, (b) London Fire Brigade, (c) London Legacy Development Corporation, (d) the Mayor's Office for Policing and Crime, (e) the Metropolitan Police Service, (f) the Old Oak and Park Royal Development Corporation, and (g) Transport for London.

Photo of Sadiq Khan Sadiq Khan Mayor of London

The childcare deposit loan scheme (CDLS) provides a loan to employees who need to secure a childcare place. Much like a travel season ticket loan, it is interest free and paid back in instalments from the borrower’s salary.

The CDLS is available to employees across the GLA group, targeting in particular employees returning from parental leave. 49 employees from the GLA group have so far applied for loans and 58 loans have been issued. The CDLS is one of the offers to employees to help with childcare costs. Parents could also choose to benefit from other support such as the London Fire Brigade’s childcare scheme which is available to certain staff grades, or the Metropolitan Police Service’s flexible working scheme which helps staff accommodate childcare, or the Government’s tax-free childcare. The GLA’s HR team is exploring ways to increase take-up as part of a wider review of all family friendly policies at the GLA.

I want all London employers to offer the CDLS to their staff. That’s why I have included the CDLS toolkit in my Good Work Standard, so that more parents can benefit from this help.