nursery funding for 3 year old ...how does this work..

morganb

Can anyone confirm the amount taken off the bills, how much is the voucher worth?

littletiger

I think we get £112/month during term time.

BernadetteN

The early education funding works out at £3.44 per hour, so for each 2 1/2 hour session, it's £8.60 in monetary value that the nursery receives. That means for any child that uses the full entitlement, it is worth £1634 off a nursery bill per year.

In Kent, the nursery funding this year goes to providers over 14 weeks, 12 weeks and 12 weeks. So a child getting 5 sessions or 12 1/2 hours a week in the first term gets 12.5*3.44*14 = £602 that term.

However, each provider can have a different method of apportioning the funding. At our children's nursery, they take the amount off each week's bill. The weeks with funding cost £11.50 per session minus (2 1/2 * 3.44 = ) £8.60 so we pay £2.90 per session for the funded weeks. The weeks with no funding we pay £11.50 per session. Another nursery may just take the full amount off a termly bill etc.

BernadetteN

duplicate entry