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Lord Nash’s speech – re-engineering income generation

8 May 2014

Lord Nash’s keynote speech at the Academies Show covered many themes; one being the likely shortage of central funding for schools in the foreseeable future.

Against this backdrop schools will have to get more creative in respect of income generation.

Schools have a variety of resources at their disposal which can be used to raise income: trading services; knowledge capital and physical assets. With an imaginative, entrepreneurial approach these can be utilised to raise surprisingly large revenues.

Some are reluctant to involve themselves in commercial activities, seeing this as a move away from a pure focus on education. The question is, in the modern climate, is this an affordable stance?

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