Ok, I'm probably going to add the confusion here, but just to let you know ...
From September 2010, all 3 and 4 yo's (the term following their 3rd b'day) are entitled to 15 hours of Free Early Education per week.
This 15 hours should be offered as flexibly as possible. This means that there is (or hopefully should be) a massive move away from the standard 2.5hrs per day and a move towards offering the grant places as flexibly as possible within the perameters set by the LA (our LA states a min of 2 and max of 10 hours per day) which are, of course, workable by the setting.
I don't know how flexible state run nurseries are able to be, but private day nurseries and playgroups in our LA are certainly gearing up to be much more flexible. For example, rather than the standard 5 x 2.5 hour 'afternoons', a parent can choose to place their child in playgroup for 5 hours per day over 3 days, or even 10 hours on one day, 2 the next and 3 the day after. This obviously depends on whether the playgroup/nursery can offer this flexibility, but most, I think, will strive to do so, because if they don't, people will vote with their feet and find somewhere that will suit their needs.
Every 3/4yo is entitled to the funding, though obviously they must secure their place at the setting first. If the setting is full, you may need to look elsewhere.
ssantana - your daughter will be eligible for funding from September 2010 so all the above will apply to her
She will be eligible for funding, but she won't be eligible for the whole time you are at college - you will need to pay for services or time your daughter attends above and beyond the free funded sessions.
hth