YMCA is calling on the Department for Education to reconsider the Early Years National Funding Formula (EYNFF) allocations for 2023/24, which fall well below that of inflation and the National Living Wage.
The charity said that providers are having to make ‘difficult decisions’ about their early years settings amid rising costs and underfunding.
Eight in ten YMCA childcare settings said they were unable to deliver childcare at the funding rate provided by their local authority, prior to the publication of the 2023/24 funding rates.
YMCA is one of the largest nursery groups in the UK and runs childcare provision through a federation of local YMCAs.
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