6. Formal Approval of Early Years Funding Formula 2026/27
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Cabinet Member: Children & Young People
Forward Plan Ref: 2026/015
Contact: Jane Billington, Strategic Finance Business Partner (Jane.Billington@oxfordshire.gov.uk)
Report by Director of Children’s Services (CMDCEYP6).
The Cabinet Member is RECOMMENDED to
a) Pass the funding increase received by Oxfordshire onto providers (after allowing for centrally retained funding per Department of Education (DfE) criteria) and approve the 2026-27 Early Years funding formula for 3- and 4-year-old provision with an underlying hourly rate of £6.04 (excluding the supplements, SEN Inclusion Fund and Contingency).
b) Pass the funding increase received by Oxfordshire onto providers (after allowing for centrally retained funding per Department of Education (DfE) criteria) and approve the 2026-27 Early Years funding formula for 2-year-old working parent provision at an hourly rate of £8.29.
c) Pass the funding increase received by Oxfordshire onto providers (after allowing for centrally retained funding per Department of Education (DfE) criteria) and approve the 2026-27 Early Years funding formula for 2-year-olds of families receiving additional support at an hourly rate of £8.29.
d) Pass the funding increase received by Oxfordshire onto providers (after allowing for centrally retained funding per Department of Education (DfE) criteria) and approve the 2026-27 Early Years funding formula for 9 Months to 2-year-old provision at an hourly rate of £11.33.