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School Leaders Survey: income generation remains a challenge

27 November 2014

School costs are going in one direction and budgets are going in the other. Accordingly to school leaders, one of the ways to plug the gap is for schools to generate their own income, with 3 in 10 of the school leaders taking part in our survey highlighting it as a major priority.

Many schools are taking this approach already and whilst perceived obstacles including lack of time, limited expertise and commercial risk appear to be putting the brakes on some school leaders, these trailblazing schools show that it can be achieved. In our experience the key to getting started is to ensure the SBM, Head and Chair of Governors are all on board. You don’t need them all to drive it, but you do need to make sure they are facing in the same direction to succeed. Get that right and the highlighted obstacles that certainly exist for most schools can be neatly side-stepped or managed. What can your school do?

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