Issue - meetings
Early Years Funding Formula 2019-20 - February 2019
Meeting: 13/02/2019 - Delegated Decisions by Cabinet Member for Education & Cultural Services (Item 16)
16 Early Years Funding Formula 2019-20 - February 2019 
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Forward Plan Ref: 2018/139
Contact: Sarah Fogden, Finance Business Partner Tel: 07557 082613
Report by Director of Children’s Services (CMDECS4).
In 2017-18, the Department for
Education (DfE) introduced the Early Years National Funding Formula (EYNFF).
The funding formula applies to the existing 15 hour entitlement for 3 and 4
year olds and the extended 30 hour offer that was introduced from September
2017.
The structure of the local
formula for Oxfordshire incorporates the 2019-20 requirements of the Early
Years Operational Guide. The principles adopted in the 2017-18 formula have
been maintained for 2019-20, whilst increasing the base rate for providers. The
rate of hourly funding received from the DfE to deliver all elements of the
formula remains unchanged at £4.39 per hour.
This report seeks approval of
the County Council’s Early Year’s funding formula for 2019-20.
The Cabinet Member is RECOMMENDED to approve the Early
Years funding formula for 2019-20 with an hourly rate of £4.04.
Additional documents:
Decision:
Recommendations Agreed.