DfE Funding Announcement – Early Years Supplementary Grant rate increase 2023/24 effective from September 2023

Please see update below from Tony Burton, Head of Finance for Children’s Services and Education, H&F.

• Purpose 

• • The EYSG is to increase the hourly amounts paid to local authorities, so that they can increase the amount of funding early years childcare providers receive for delivering the entitlements for the period September 2023 to March 2024 for the financial year 2023 to 2024. 

• National Picture 

• • £204m to local authorities through a new standalone top-up grant 
  • As a result of this additional funding, funding rates to local authorities increase by an average of 32%, for the current 2-year-old entitlement, and an average of 6.3% for the 3-and-4-year-old entitlements, compared with the current 2023-24 rates. 

• Hammersmith and Fulham 

3 & 4 year old funded rate increase 

Two year old rate increase detailed below 

Circa 5.5% increase in maintained nursery supplement from September 2023