Government takes first steps towards milestone to increase school readiness with over GBP2bn uplift to early years investment compared to last year.
Early years providers are set to benefit from over GBP2 billion extra investment compared to last year, to support the rollout of 30 hours of government-funded early education from next September.
This forms part of the government's mission to break the unfair link between background and opportunity, increasing access to affordable and high-quality early education so tens of thousands more children will be 'school ready' at age 5 by the end of the parliament.
Last week, the Prime Minister unveiled the government's Plan for Change, including an ambition for a record number of children - 75% - to be reaching a good level of development when they start school by 2028.
A reformed and sustainable early education system is central to this mission, which is why despite having to take tough decisions to fix the foundations of the economy the government is increasing investment by over 30% compared to last year - bringing total spend to GBP8 billion - as it delivers on the promises to expand government-funded early education for working parents.
As usual, hourly funding rates for providers offering the government-funded hours will vary between local authorities, reflecting local circumstances. On average, rates will rise to GBP11.54 for under 2s; GBP8.53 for two-year-olds; and GBP6.12 for three- and four-year olds.
Alongside confirmation of the rates, today the government has announced a new GBP75 million expansion grant, to be allocated later this year, to support nurseries, childminders and other providers to deliver the 35,000 additional staff and 70,000 places required to meet demand for next September.
The government will also deliver the largest ever uplift to the early years pupil premium (EYPP), increasing rates by over 45% to up to GBP570 per eligible child per year. This unprecedented increase is an investment in quality early education for those children who need it most, in the areas that need it most, to give them the support they need to be "school ready" at age 5 and go on to have the best life chances.
Source: Gov.uk