Nursery Funding Calculator
With Ovivio, take some of the stress out of April and September’s nursery funding changes in England with our simple-to-use nursery funding calculator.
See how much you might get from your local council over the course of a term, how many funded children you might be able to take on, and whether you’re charging enough for the surrounding hours.
Simply input all the details you know, use default values for those you don’t, and see how funded children might affect your bottom line.
Explore your funding gap!
Use this calculator to identify if you have a funding gap - meaning funding might cause you a minor or major income shortfall.
This is just so we can see where our calculator is most used. Don't want us to know? Don't put it in 🙂
Choose the date range you want to explore
Pick a funding term:
Closed for any number of weeks in this period?
Put them here:
Cohort and Council
Not sure of your rate but know your local authority (LA)? Choose the age of the children you want to see funding for and your local authority, and we'll fill in the council rate for you.
These are the rates as found on the government's guide to early years funding, though your LA may take off a percentage that isn't listed on the document.
Type the first letter of your LA to find it faster:
Council rate
What will the council pay per hour?
If you don't know, use the default buttons below which are rates from Bucks LA:
Daily nursery rate
What would you charge for a non-funded 10-hour day?
Funded Hours per day
How many funded hours are you thinking to offer per day?
Please check with your local authority before booking funded children in, as every authority has different procedures for claims.
Paid hours (per day)
Any paid hours to go with those funded hours?
Days Attended Per Week
How many days will they be attending your nursery?
Know that this calculator treats every day and child the same. Be careful about your allocation!
Funded Children
Total income with
funding
Your funding gap
(or gain)
Your 'actual'
daily rate
right half of calculator 2
This calculator is designed to give you a quick snapshot into whether offering funded hours is going to make you money, lose you money, or leave you on an even keel. It does not constitute financial advice.
Explore our products
Let Ovivio Help with your nursery funding
Book now!
Ovivio’s newly released Finance system is all set up to help with the practical side of your funding needs, from reports that your local authority might want to see to invoices that lay everything out for parents and of course, easy application.
We’ve redesigned the system to allow more simple assigning of funding packages to children, and allowing for stretch weeks without any overallocation of funding.
If the calculator above suggests you’ll make a loss through funded places, use Ovivio’s packages to close the gap and make sure that while parents are benefitting from free hours, you aren’t being penalised.
To find out more about Ovivio’s new finance system, fill in this form and book a demo!
Let us know about you!
The more we know about you, the better we can help you and your setting(s)
Overline
How the nursery funding calculator works
The funding gap calculator starts by taking the term length you’ve chosen, and turning that into a number of weeks. These weeks are then a multiplier for everything else.
It calculates an ideal amount of money you’d like to make based on your daily rate, the number of days attended, the number of weeks, and the number of children. This number is not displayed, but stored to calculate the money you’d make when funding is applied.
It then calculates the money you’d make from funding alone, taking the council rate, multiplying it by the number of funded hours, then days, then weeks, then the number of children. Defaults are taken from the government’s rates and aren’t indicative of what your local authority might offer.
The ‘funding gap’ is the difference between these two values, while the income is your daily rate divided by 10, times the number of paid hours, then days, then weeks, then children, plus the funding money calculated above.
The adjusted daily rate then comes from your calculated term-time income divided by weeks, days and number of children.
Everything you need to know
