Introductory Workshop Core Funding & Ready Reckoner

The development of Core Funding is a significant milestone on the journey towards a new funding model. It aims to transform of the sector and establish a new type of partnership between providers and the State that reflects the importance of ELC and SAC for the public good.

Core Funding is designed to meet the combined objectives of:

• Improved affordability for parents by ensuring that fees do not increase.

• Improved quality through better pay and conditions for the workforce by supporting agreement on an Employment Regulation Order through the Joint Labour Committee.

• Supporting the employment of graduate staff; and

• Improved sustainability and stability for services.

The Core Funding Ready Reckoner online tool is accessible to all and is designed to give an idea of what services can expect to receive based on their characteristics and to allow different scenarios of provision to be tested.

The purpose of this workshop is to share the background, rationale of Core Funding.

We will introduce Core Funding and its calculations and allocations. We will use the Ready Reckoner to look at examples of services to put the information that has been issued by the Department in context.