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How much are providers paid for funded hours?

Question:
How much are providers paid for funded hours?
Answer:
From Sept 2023, funding rates for PVI and governor run provision is as follows:
  • 2 year olds (Think2) - £7.55 per hour, per child (a £1.88 increase from £5.67)
  • 3 and 4 year olds - £4.86 per hour, per child. (a 0.34p increase from £4.52).

  • Maintained Nursery Schools - 3 and 4 year olds - £4.86 per hour, per child. (a 0.34p increase from £4.52).

Additional deprivation supplement rates for 3 and 4 year olds only will be as follows: 

  • £0.20 lower rate - (per hour, per child for every funded three and four year old in attendance) if between 10-32% of funded children reside in areas of disadvantage. Settings eligible for this could have an hourly rate of £5.06 per hour.
  • £0.30 higher rate - (per hour, per child for every funded three and four year old in attendance) if between 33-100% of funded children reside in areas of disadvantage. Settings eligible for this could have an hourly rate of £5.16 per hour.

In April 2023, it was confirmed the Contingency fund will continue, this is to mitigate financial risk and to manage any unforeseen budget variances as a result of changes in demand. This will be c. 0.7% of the overall budget. Any unused contingency will be returned to the sector in the following year (subject to affordability).

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