£45bn family vision is the business for Kate
Foundation could save UK economy a fortune
THE Princess of Wales is “excited” to be at the heart of the launch of a project that could boost the UK economy by £45.5billion a year.
Her Royal foundation Centre for early Childhood will today publish a report from eight leading British firms.
It will identify five areas in which businesses of all sizes can help children under five and the adults around them.
Kate last year brought together the Business Taskforce to contribute to her “vision for the future” in the early years development of children.
The report, compiled by consultants Deloitte, details how investing in early childhood could be of huge benefit.
The £45.5bn-a-year total includes £12.2billion from equipping people with improved social and emotional skills in early childhood.
Another £16.1billion would come from reducing the need to spend public funds on remedial steps for adverse childhood experiences, while £17.2billion would be drummed up by supporting the parents and caregivers of underfives who work.
The centre’s executive director Christian Guy revealed: “[Kate] is excited about it.
“Whether it is helping families access the support they need, prioritising the social and emotional wellbeing of children and the adults in their lives or building a culture that prioritises early childhood, business has a significant part to play.
“setting people up with these skills for life is a key priority for the Princess.
“she feels passionately about the transformational impact of getting this right together with business, both for the current generation and for many more generations to come.”
The Centre for early Childhood, which has been described as Kate’s “life’s work” was established in 2021.
since then, Taskforce members Aviva, the Co-operative Group, Deloitte, Iceland foods, IKEA UK and Ireland, the LeGo Group, NatWest Group and Unilever UK, have worked together to identify the role business can play in it.
Kensington Palace yesterday said the Princess had not returned to work as she receives preventative chemotherapy treatment for cancer.