The DfE has published its Early Years National Funding Formula (EYNFF) Guidance in December 2016. From April 2018 the basis of calculation reflects the outcome of the Hampshire November 2017 consultation with providers on the EYNFF.
It is important for settings to provide correct postcodes for children for whom they are claiming, which must be clearly entered on to the headcount returns. This will be used to work out how much deprivation funding will be paid against each child’s claimed attendance. The deprivation amount will be added to your headcount claim and paid in the usual way.
The Income Deprivation Affecting Children Index (IDACI) tool will be used to allocate funding as it uses the postcode of each child. At the beginning of the following term you will be sent a notification of the amount of the IDACI payment. Please do not phone for these details before this notification.
The rates per child can be found on the following link:
If you are unsure of a child’s postcode then you can check this through the Royal Mail post code finder. Royal Mail Postcode Finder.
The value of the base rate and the funding bands for each of the elements is set and published on this website.
Each registered provider is formally notified of their funding bandings and the hourly rate that will be paid to them with an indicative budget for the whole financial year (starting on 1 April).