Schools in Financial Crisis Is there a solution? Everywhere we look in the news today there are stories about schools struggling to function in the face of budget cuts. You might think, ‘Nothing new there. Everyone is in the same boat.’ However, this situation is having an incredibly damaging impact on the quality of particularly secondary education for our children. This will potentially have a wide-ranging effect on every aspect of the life of the nation for years into the future, as these children become working adults. Massive budget cuts Recent reports from School Cuts, the education unions alliance, reveal that schools in England have suffered losses of more [...]

A Beginner’s Guide To Accounting For Leases In Schools Most schools have used leasing at some time but in recent years there have been reports that some schools that have found themselves on the wrong side of accounting rules. We’ve put together a beginner’s guide to understanding leases for schools, written for the teachers and school managers who aren’t accountants. Don’t assume you need to pay for new equipment upfront These days with tighter-than-ever budgets, few schools have the luxury of keeping a sufficient pot of money to allow them to pay cash for big investments in new equipment, such as IT, vehicles or gym equipment. Often schools assume this [...]

Why Choose Leasing? An Introduction to Leasing for Education Leasing is a straightforward and economical solution for many challenges currently taking place within the education sector. However, past news stories depict negative leasing tales where schools and consortia have had their fingers burnt by confusing contracts and below par practices. This guide includes: Why leasing is relevant for the education sector The top 10 questions asked about leasing Your leasing journey: from beginning to end Conclusion Contact a Maxxia funding specialist   Leasing has changed – use a reputable provider to make leasing easy and worry-free. Read on to learn why now is the time to consider the leasing route [...]

Three Considerations Before Financing New School Equipment Struggling to get the equipment you need for your school on ever smaller budgets? You’re not alone. The money allocated to schools is expected to cover everything they may need, from a new minibus to classrooms full of new computers and IT equipment. Due to the high cost of purchasing this equipment outright, schools are finding it harder and harder to afford up-to-date equipment and supplies. School finance, however, provides an alternative option to schools that are looking to invest in new equipment. Leasing allows schools and education centres to pay an agreed regular cost in return for the use of a range of [...]

Education Leasing: Our Top Dos and Don’ts Schools inevitably want to provide their students with the best possible equipment in order to help them accomplish their expected grades as well as all the skills they require before leaving the education system. In order to do this, head teachers have the arduous task of finding high quality equipment – sports equipment, catering equipment, minibuses, computers and tablet devices – at the right price. Where schools don’t have the budget to buy school equipment outright, leasing is a useful solution. But it can be daunting if you've not used leasing before. That’s why it pays to have some education leasing tips to [...]

Why Choose Leasing? The Definitive Guide For Schools Thinking about leasing as a means to access up-to-date equipment for your school? The following guide has been written to help school staff, head teachers, and school managers make an informed decision on their school’s finance options, especially when it comes to replacing old IT equipment in order to keep up with increasing demand to integrate new IT equipment to lesson plans across all faculties. We’ve also put together a slide deck to help you explain to governors and staff exactly how leasing could help your pupils, and help your school dramatically improve on your current IT equipment while keeping costs to [...]