i. To agree the following recommendations for
the 2024/25 financial year:
• The base provider funding rate for 3- & 4-year-olds
(both universal and working family entitlement) is £5.13 per
hour
• The base provider funding rate for 2-year-olds (both
disadvantaged and working family entitlement) is £7.01 per
hour
• The based provider funding rate for under 2-year-olds
(working family entitlement) is £9.55 per hour
• The current deprivation funding methodology used for 3 &
4-year-olds is extended to all early years’ funded
entitlements
• The funding for the SENIF is provided from the Early Years
Block DSG
• A 3% funding retention rate for the provision of local
authority centrally managed services for early years is applied for
all funded entitlements
ii. To agree that, for the 2023/24 financial year, the early years
element of the DfE Teachers Pay grant is passed on to all providers
based on the DfE distribution methodology of 3p per hour on the
universal and extended hours for 3 & 4-years-olds for the
Autumn 2023 and Spring 2024 terms.
iii. To note the 2024/25 funding rates for the other early years
funding elements