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Managing Funding Rates

This page will guide you through managing funding rates in Pigeonhole. Funding rates are essential for calculating accurate estimated funding allocations for your nursery.
Open in app: Settings → Funding.
The Funding Settings page also contains the Funding Form Renewal card, which controls when your setting renews funding forms and which terms parents can select — see Renewal Settings.

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Funding Rates Overview

The Funding Rates card provides a comprehensive list of all configured funding rates by academic year. From here, you can view existing rates, add new ones, or edit current entries to reflect changes in local authority funding levels. sessions The main list displays the following information for each funding rate:
  • Year: The academic year for the funding rate, displayed in the format “25/26” (representing 2025-2026).
  • Rate (3/4 year olds): The hourly funding rate for children aged 3 and 4 years old.
  • Rate (2 year old): The hourly funding rate for eligible 2-year-old children.
  • Rate (under 2): The hourly funding rate for children under 2 years old (if applicable in your local authority).

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Adding or Editing Funding Rates

Click the Add button above the list to add a new rate, or the edit icon next to an existing rate to change one. A dialog appears where you can enter the funding rate details.

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Funding Rate Fields

  • Year: When adding a new rate, select the academic year from the Year dropdown. It offers last year, this year, and next year (shown in the format “25/26”). When editing an existing rate, the year is fixed and shown as read-only.
  • Rate (3/4 year olds): Enter the hourly funding rate for 3 and 4-year-old children as provided by your local authority.
  • Rate (2 year old): Enter the hourly funding rate for eligible 2-year-old children.
  • Rate (under 2): Enter the hourly funding rate for children under 2 years old (if your local authority provides this).

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Important Notes

  • Local Authority Rates: Always use the exact rates provided by your local authority for each academic year.
  • Annual Updates: Funding rates typically change each academic year, so ensure you add new rates before the start of each academic year.
The funding rates you configure here will be automatically applied when calculating funding allocations and generating finance information for your nursery.