Issue - meetings

Forward Plan Ref: 2017/171

Contact: Sarah Fogden. Finance Business Partner Tel: 07557 082613

Report by Director for Children’s Services (CMDPHE4).

In 2017-18, the Department for Education (DfE) introduced the Early Years National Funding Formula (EYNFF). The new 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 2018-19 requirements of the Early Years Operational Guide. The principles adopted in the 2017-18 formula have been maintained for 2018-19, 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 2018-19.

The Cabinet Member is RECOMMENDED to approve the Early Years funding formula for 2018-19 with an hourly rate of £4.03.

Recommendations agreed.