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:

• If you live in Nottinghamshire, click here
• If you live in Nottingham City, Click here

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