The introduction of the Early Years Supplementary Grant (EYSG) in 2023/24 marked a significant development in early years education funding.
This government initiative aimed to boost the hourly rates paid to local authorities, which in turn would increase funding for childcare providers.
If you’re a parent, childcare provider, or simply interested in early years education, understanding this grant is very important.
What is the Early Years Supplementary Grant?
The EYSG is a financial boost provided by the government to local authorities to enhance funding for childcare providers.
This additional funding is specifically allocated to increase hourly rates for delivering entitlements for children aged 3 and 4, as well as eligible 2-year-olds.
The grant operates for a specific period, typically from September to March.
How Does the EYSG Benefit Childcare Providers?
The EYSG directly benefits childcare providers by increasing the funding they receive for each child.
This additional income allows providers to:
- Improve staff salaries and retention rates.
- Enhance the quality of childcare provided.
- Invest in resources and equipment for children.
- Potentially reduce childcare fees for parents.
How Does the EYSG Impact Parents?
While the EYSG doesn’t directly benefit parents financially, it can indirectly impact them positively.
By improving the quality of childcare and potentially reducing childcare fees, parents can expect:
- Better care for their children.
- Increased affordability of childcare.
- A wider range of childcare options.
Who is Eligible for the Early Years Supplementary Grant?
The EYSG is allocated to local authorities, who then distribute it to childcare providers based on specific criteria.
Childcare providers who deliver the 30-hour free childcare entitlement and meet other eligibility requirements can benefit from the grant.
How is the Early Years Supplementary Grant Calculated?
The government determines a national hourly funding rate for eligible children.
Local authorities receive allocations based on their number of eligible children.
Childcare providers then receive their share of the grant from the local authority.
When is the Early Years Supplementary Grant Paid?
The EYSG is typically paid to local authorities in instalments throughout the grant period.
Local authorities then distribute the funds to childcare providers according to their own processes.
How Much is the Early Years Supplementary Grant?
The exact amount of the EYSG varies depending on the local authority and the number of eligible children.
However, the government provides overall funding figures for the scheme.
What Conditions Are Attached to the Early Years Supplementary Grant?
Local authorities must adhere to specific conditions when using the EYSG.
These conditions typically relate to how the grant is distributed, how it must be used, and reporting requirements.
For any more information, you should contact your local authority or visit the government’s website.
They will be able to provide specific details about the EYSG in your area.
The Early Years Supplementary Grant is a valuable initiative aimed at improving the quality and affordability of childcare.
While its direct impact on parents might be indirect, the benefits it brings to childcare providers can ultimately lead to a better experience for children and their families.