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Do grandparents get money from state to look after their grand children?

A friend mentioned in passing that a grandparent can get upto £700 if they look after their grand children. Is this true????

Could you post a web link to more details or do you know where you need to go to apply?

Thanks
:)
“…the ‘insatiability doctrine – we spend money we don’t have, on things we don’t need, to make impressions that don’t last, on people we don’t care about.” Professor Tim Jackson

“The best things in life is not things"
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