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FUNDING
The extent to which Government-set funding rates don’t match the costs of delivering either of the two ‘free’ entitlements is laid bare, Ceeda’s annual report says.
The average cost of early education and childcare for two-year-olds is now £6.90, 32 per cent more than the average funding rate of £5.23 paid to PVIs for these places.
For three- and four-year-olds, average funding rates of £4.34 have increased by just 1.8 per cent in real terms since 2013/14, with average hourly costs 17 per cent higher than funding rates at £5.08.
The report notes, ‘A funding system factored on delivery costs for specific age groups assumes a market where each age group pays a price commensurate with the costs of delivery. This is not … the case with early years provision.’
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