Increase the hourly funding rate for 2-4 year old's in early years settings.
The funded rate for 3 and 4 year old's has not increased since it was introduced 10 years ago, and the rate for 2 year old's has decreased. Meanwhile, the cost of providing quality Early Years Education continues to rise on an annual basis through wages, rent, utilities and resources costs.
All 3 & 4 year old's in the UK are entitled to 15 hours free Early Years Education in an approved setting. The setting receives funding from the Government, per child, per hour. The hourly funding rate has never increased. From April 2016, with the introduction of the National Living Wage, many settings are facing financial loss and ruin. High quality childcare and education cannot continue to be provided without additional funding. This is national problem affecting our children's future.
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