A personal budget is an amount of money available for children, young people and their families based on an assessment of needs.
There are three ways a personal budget can be given:
- Directly to the child's family or directly to the young person if they are over 16.
- To an Individual Service Fund, which means a service provider holds the funds
- 'Virtual budget' where instead of money, the young person accesses services provided by the Local Authority
Personal buidgets may be received through a mix of the above in some cases.
Sky Badger has a great explanation of what Personal Budgets are and what they can be used for.
More specific information is available about personal budgets in your area:
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