Every term
The Ovivio Nursery Glossary - Funding in the early years
From EYFS to XYZ, we’ve pulled together every term you might need to know to work, run, open or book your child into any childcare setting.
Nursery funding goes well beyond so-called ‘free childcare places’. EYPP, DAF, TFC – it’s all explained here on Ovivio.
The terms
Glossary terms
Funding in the early years
Funding in the early years can be a tricky topic to navigate. With changing government policies, understanding childcare funding in 2024 should be at the top of your learning list.
Tax-free childcare
Tax-free childcare can be used in conjunction with the 15 or 30 free hour offer in England if you are eligible. For every £8 added to the online account used for the childcare payments, the government will contribute £2.
Working parent childcare funding
Introduced in April 2024, eligible working parents can receive 15-30 hours of childcare if the child is between nine months and five years old.
Universal credit childcare offer (England)
In England, parents on universal credit can claim to cover childcare costs. The amount parents will receive for one child is £951 per month and £1630 for two children.
Early Years Pupil Premium (EYPP)
The EYPP is given to early years providers as additional funding for disadvantaged 3 and 4-year-olds. For the 2024-2025 financial year, 68p per hour per eligible child is available. This totals up to £388 per year per eligible child with 570 hours of childcare.
Disability Access Fund (DAF)
Early years settings receive funding to support children with additional needs and recognised SEND.
Free school meals (FSM)
If a family meets the criteria for free school meals, the children will receive free lunches during their time in primary and secondary school.
You can find out all you need to know about the government’s latest childcare funding in our summary blog.
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