logo-education
0370 270 6000

already registered?

Please sign in with your existing account details.

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

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

Lateral flow testing in schools

Lateral flow testing is underway in schools across England to provide rapid Covid-19 testing of staff and students in secondary schools and colleges.

View blog

School opening FAQ – 4 January 2021

Our FAQ has been put together to assist you in decision-making on school opening.

View blog

Return of university students for the spring term

The government has issued guidance on how University students will return and resume blended learning after the Christmas break - what does this mean for HE providers?

View blog

Covid-19 student testing and the Christmas travel window

The government has issued its guidance on how University students will be able to travel home safely at Christmas.

View blog

mailing list sign up



Select which mailings you would like to receive from us.

Sign up