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How could stretched funding work?

Question:
How could stretched funding work?
Answer:
For example, a 3 year old eligible for 30 hours attending a provider offering funding as stretched over 48 weeks per year:

Total of 1140 hours / 48 weeks would equate to 23 hrs, 45 mins of funding per week.

It is up to providers to decide over how many weeks of the year they 'stretch' funding.

The total number of weeks for each term is  as follows:

TermNo of weeks for 38 week overNo of weeks as Stretched
Spring 11 12
Summer 13 20
Autumn 14 16

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