Core Funding payments have been processed this week for all services that have accepted the funding agreement by close of business on Monday 26th of September. This week’s payment covers the period 29th of September – 2nd of November and should reach providers’ bank accounts on Friday 30th of September.
Services that have contracted by Wednesday 21st September, have received a total of 7 weeks Core Funding to date.
Services that have contracted from 22nd to 26th September, have received a total of 6 weeks Core Funding to date.
The current value of 1 week’s payment is the total Core Funding value calculated per your application, divided by 52. This weekly amount has been paid for the number of week’s detailed above.
Each week will have a separate allocation for each eligible premium (Main Base Rate, Graduate Lead Educator Premium & Graduate Manager Premium).