Early Years Funding Formula for Cambridgeshire providers 2023-24

Changes to early years funding rates for Summer 2023 were approved following consultation with the Cambridgeshire Early Years Provider Reference Group.

An additional increase in funding was announced by the Department for Education in July 2023. This will apply for the Autumn 2023 and Spring 2024 funding periods, with a further funding announcement expected in late 2023 to cover future periods.

Early Years funding rate - updated July 2023
Value per hour	2022-23	2023-24	Autumn 2023 / Spring 2024
Three and four-year-old places	£4.37	£4.63 (an increase of 26p)	£5.14 (a further increase of 51p)
Two-year-old places	£5.78	£6.12 (an increase of 34p)	£8.12 per hour (a further increase of £2.00)

Early Years Pupil Premium: Will be paid at a rate of £0.66 per hour for eligible children from September 2023. A further increase of 4p per hour from the Summer 2023-24 rates (6p more than in 2022-23).

Disability Access Funding: the lump sum paid to settings for eligible children will increase to £881.00 from September 2023. A further increase of £53.00 from the Summer 2023-24 rates (£81.00 more than in 2022-23).

Deprivation Supplement

Deprivation supplement
Rank	Residence of child	IDACI Rank	Value per hour
1	Highest 10% of Lower Super Output Areas (LSOA) per IDACI	0 - 3284	£1.30
2	Next highest 10% LSOA per IDACI	3285 - 6568	£1.00
3	Third highest 10% LSOA per IDACI	6569 – 9852	£0.65
4	Fourth highest 10% LSOA per IDACI	9853 - 13136	£0.30
0	Remaining 60% least deprived	13137 - 32844	£0.00

Learn Together

Information on the Cambridgeshire County Council website