The DfE has announced that childcare funding is to rise by 3.4 per cent for three and four-year-olds and by 4 per cent for two-year-olds in 2023-24, while an extra £20m is being provided to help cover minimum wage increases
The Department for Education (DfE) has today (16 December) published the new three and four-year-old and disadvantaged two-year-old funding rates for local authorities for 2023-24, along with its response to its consultation on proposals to update the Early Years National Funding Formula.
The consultation, which was held over the summer, put forward plans to update the Early Years National Funding Formula for 2023-24 with the most recent data available, which it says the vast majority of respondents agreed with.
Within its response, the DfE has also announced further funding of £20m to help providers with the increase to the national living wage in April.
