A government source has confirmed that the fund is likely to be used tosubsidise the employment of graduates in private and voluntary childcaresettings.
All local authorities will receive Transformation Fund cash as part ofthe General Sure Start Grant, although the Government is still thrashingout the exact details of how it will work. An announcement is expectedsoon and funding will kick in this April.
It is expected that subsidies of 8,000 to 10,000 will begiven to settings employing staff with foundation stage or full degrees(Level 5 and 6 qualifications).
There was debate over whether money should be available to settingsemploying staff with Level 3 and 4 qualifications but this idea wasrejected.
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