The proposal is set to be included in the upcoming budget.
A 25% reduction in childcare fees in the Budget would be "momentous" for the industry.
Regina Bushell - MD of Grovelands Childcare and chair of representative group, Seas Suas - thinks the proposal, set to be included in the upcoming budget, is a major step forward in alleviating cost pressures.
It would see a €200 reduction in costs for parents by registering with the government's National Childcare Scheme, without providers having to take a financial hit.
Ms. Bushell says, while the finer details have yet to confirmed, today is a great day: