Decision details

2022/23 Early Years Funding Formula

Decision Maker: Corporate Director of Children and Young People's Services

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To agree recommendations to change the funding rates paid to early years’ providers for the funded entitlement for 3 & 4 year olds and disadvantaged 2 year olds for the 2022/23 financial year.

Decision:

To increase the provider base funded rate for:
• the universal and extended funded entitlement for 3 and 4 year olds from £4.15 per hour to £4.31 per hour for the 2022/23 financial year.
• for disadvantaged 2 year olds from £5.36 to £5.51 for the 2022/23 financial year


Reasons for the decision:

The Early Years National Funding Formula provides a local authority funding rate for three and four olds in North Yorkshire at the funding floor level of £4.44 per hour. This funding rate provided the calculation basis for the 2021/22 three and four year old Early Years DSG allocation. The local authority hourly funding rate covers both the costs of provider funding and any central services related to early years provision that are provided free at the point of delivery.
On the 16th December 2021, the DfE announced an increase in the early years’ local authority funding rate for the 2022/23 financial year. The funding rate for three and four year olds in North Yorkshire will increase by 17p per hour, from £4.44 per hour to £4.61 per hour. The level of funding for disadvantaged two year olds will also increase by 21p per hour, from £5.36 per hour to £5.57 per hour. Early years’ pupil premium will increase by 7p per hour (3

Alternative options considered:

None

Publication date: 09/03/2022

Date of decision: 08/03/2022

Effective from: 17/03/2022