Issue - meetings

Cabinet Member: Deputy Leader, including Children, Education & Young People’s Services

Forward Plan Ref: 2022/141

Contact: Sarah Fogden, Finance Business Partner, sarah.fogden@oxfordshire.gov.uk

Report by Corporate Director for Children’s Services (CA6).

To seek approval for the funding formula for 2-year old and for 3 and 4-year old provision.

The Cabinet is RECOMMENDED to

a)                  Pass the funding increase received by Oxfordshire onto providers in full and approve the 2023-24 Early Years funding formula for 3 and 4- year old provision with an underlying hourly rate of £4.58 (excluding the supplements, SEN Inclusion Fund and Contingency).

b)                  Pass the funding increase received by Oxfordshire onto providers in full and approve the 2023-24 Early Years funding formula for 2- year old provision at an hourly rate of £6.21.

Recommendations approved.

Cabinet was recommended to set a funding formula for 2-year-old and for 3 and 4-year-old provision in 2023-24. 

Councillor Liz Brighouse, Cabinet Member for Children, Education & Young People’s Services, introduced the report.  Early Years Providers and the Schools Forum were consulted on the Early Years Funding Formula before this report was compiled and the overwhelming response was to pass on the increase in hourly rate in full to providers.  There were around 800 providers of Early Years services.

Councillor Brighouse moved the recommendations, Councillor Enright seconded and they were approved.

RESOLVED to:

a)              Pass the funding increase received by Oxfordshire onto providers in full and approve the 2023-24 Early Years funding formula for 3 and 4- year old provision with an underlying hourly rate of £4.58 (excluding the supplements, SEN Inclusion Fund and Contingency).

b)              Pass the funding increase received by Oxfordshire onto providers in full and approve the 2023-24 Early Years funding formula for 2- year old provision at an hourly rate of £6.21.