Search Mobile

collapse

already registered?

Please sign in with your existing account details.

Email address

Password

need to register?

Register to access exclusive content, sign up to receive our updates and personalise your experience on brownejacobson.com.

Privacy statement - Terms and conditions

Forgotten your password?

collapseSign

Browne Jacobson home

Home

Insights

Blogs

Income Generation - a hot topic for academy converters

Income Generation – a hot topic for academy converters

21 May 2012

A recent survey conducted by Ipsos Mori on behalf of Browne Jacobson LLP shows that 40% of head teachers wish they had invested more time in considering income generation opportunities when converting from a maintained school to an academy.

Academy status gives schools freedom from LA control enabling them to decide how best to manage their resources rather than having those decisions made for them. Some schools are pro-actively reviewing their policies and procedures to ensure that assets such as sports halls and playing fields are utilised to their full potential to yield new income streams.

However, schools need to take care before entering into significant contracts with outside entities. The ability for academies to engage in commercial activities, the risk involved and tax implications are just some of the reasons why professional advice and guidance is needed. Failure to take appropriate advice could leave some academies in a tricky situation.

Related opinions

The role of benchmarking in setting pay in schools

The use of salary benchmarking data is common place in most sectors in the UK and it’s great to see that CST’s salary survey for school trusts is growing with a higher number of participating organisations and included job roles. This years’ survey includes over 2000 job roles and 147 participating organisations.

View blog

How does the UK Education Sector fare amidst the energy crisis?

The world is currently living through one of the most significant global energy crises that has been seen in modern times, with energy prices and bills soaring at an unprecedented rate. With the added pressures of the Russian invasion of Ukraine and the slowdown in China’s economy, these soaring energy prices are continuing to strangle the global economy.

View blog

Grammar schools revisited?

The words “Grammar schools” are once again being whispered in government and the question of whether the creation of new grammar schools will finally be implemented as a central focus to DFE policy has re-surfaced.

View blog

Why you shouldn’t buy a dragon with school budget

As a result of a recent Charity Commission legal action, the former trustee of a Welsh charity was ordered to pay over £117,000 to Wrexham charities which support cancer patients.

View blog

View all blogs