1. One base rate for both 2-year-old entitlements. i.e. the disadvantaged 2 year old entitlement and the working parent 2 year old entitlement.
2. No discretionary deprivation supplement. i.e. no deprivation supplement for the disadvantaged 2 year old entitlement, the working parent 2 year old entitlement and the working parent under 2 year old entitlement.
3. Increase the amount retained centrally by £167,200. £123,800 to support administration of the new entitlements and £43,400 for 5% inflation on the total amount to be retained.
4. Create a contingency fund of 0.8% from each funding stream. Funds will be paid to providers and not used for any other purpose.
5. Transfer £500,000 from the Early Years Block to the High Needs Block in 2024-25 to support financial sustainability as per the Safety Valve Agreement with the Department for Education.
6. SENDIF budget is set at £2 million, which includes a £1 million contribution from the Early Years Block in addition to the £1 million contribution already agreed from the High Needs Block.
7. The method for allocating SENDIF will take into consideration children identified at SEN Support, without the need for a Panel process and to include a clear monitoring process to ensure that SENDIF is being targeted effectively at those children identified as eligible.