Early Years providers still not happy with the increase in Early Years funding
The Department For Education have announced a new early years funding formula; this will mean an increase in funding rates for early years providers, however, early years providers are still saying this isn’t enough. Early years settings will receive a minimum of £4 per hours for the 3ohrs free children scheme.
It has also been that announced that on top of the funding rates additional money would be given to providers to support children with additional needs.
Not only are the early year’s sector concerned about funding rates, but other financial implications coming into effect next years will cause further concerns such as the rise in the national wage. With the introduction of the 30hrs, free childcare scheme next year some early years providers are still uncertain as to whether they can offer this scheme.
According to The Department for Education’s announcement, maintained, private and voluntary and independent provider will all receive the same level of funding
Sustainability is a worry for many providers, as the increase in funding will not be enough to deliver the additional 15hours to their parents who are eligible for it.
For maintained nursery schools, the supplement funding will be extended to the end of the parliament.
With hundreds of nurseries at present providing outstanding care and education to children, all settings should be supported financially to help every child reach their full potentials.
What are people views on the new funding formula?