Early Years Funding Formula for Cambridgeshire providers 2024-25

Changes to early years funding rates for April 2024-March 2025 were approved by Children and Young People's Committee following consultation with the Cambridgeshire Early Years Provider Reference Group.

Funding rates for 2024-25 will include the new expanded entitlement for working parents. This will apply in two stages:

  • For children aged 2 and over from April 2024
  • For children aged 9 months and up from September 2024
Rates are as follows:

Value per hour

April 2023

September 2023

2024-25

Three and four-year-old places

£4.63

£5.14

£5.40

Two-year-old places (targeted families)

£6.12

£8.12 

£8.00

Two-year-old places (working families)

 -

 -

£8.00

9-months - 2 years old (from September 2024)

 -

 -

£10.70

Early Years Pupil Premium: Will be paid at a rate of £0.68 per hour for eligible children from April 2024 (up 2p/hour). This premium will be payable for any funded child, including those children under 3 who meet the criteria.

Disability Access Funding: the lump sum paid to settings for eligible children will increase to £910 from April 2024 (up from £881). This funding will be payable for any funded child, including those children under 3 who meet the criteria.

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

Previous funding formula consultations

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

Early Years Funding Formula for Cambridgeshire providers 2021-22

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

Early Years funding rate changes

Value per hour

2020-21

2021-22

Three and four-year-old children

£4.14

£4.20 (an increase of 6p)

Eligible two-year-old children

£5.49

£5.57 (an increase of 8p)

Funding in addition to the hourly rate

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

Other supplements: No other supplements are offered within the formula.

Early Years Pupil Premium: Will continue to be paid at a rate of £0.53 per hour for eligible children.

Disability Access Funding: the £615 lump sum paid to settings for eligible children will continue.

Top-up funding from SEN Inclusion fund: Funding rates will continue to be determined based on the individual needs of the child and in accordance with separate published policy and guidelines.

Charging for additional goods and services