Publishing its response to a consultation on early years funding launched earlier this year, the government said this will give local authorities the scope to pay providers an average funding rate of at least £4 per hour.
The £4.30 minimum funding for councils will form part of a new early years national funding formula that will allocate funding to local authorities for the existing 15-hour entitlement for all three- and four-year-olds, as well as the additional 15 hours for three- and four-year-old children of eligible working parents which is due to come into effect from September 2017.
The government said the changes will mean national average funding rates increase from £4.56 to £4.94 for three- and four-year-olds.
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