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To trade or not trade

28 November 2013

It is clear that schools and academies will continue to face substantial pressures on their finances in the medium term with flat-lining income at best on one hand and rising costs and pressures to raise standards and support other schools on the other. What is less clear is how schools and academies will look to deal with these financial pressures.

Browne Jacobson’s school leaders survey 2013, a survey of school leaders from right across the sector and the country, shows whilst there is appetite amongst schools to raise additional funds through activities a bigger priority is benchmarking costs and the creation of shared services arrangements.

Is the pace and drive to implement such initiatives quick enough? Particularly, in the era of PRP governors may wish to consider including financial targets in the performance targets they set for members of SLT if they don’t already. In turn, it will be important for governing bodies to support heads when they bring proposed arrangements so that they can be worked up and approved promptly.

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