What is the cost of your child’s future?

Look out for A new tools to help schools save money to ensure every pound possible is being spent in the classroom.

The School Resource Management Strategy provides schools with practical advice on how to reduce the £10 billion non-staffing spend spent across England last year. It is estimated schools could save up to a billion pounds through better procurement and buying strategies.

Strategies include information on how to work collaboratively with other schools to drive down costs on things like stationery, energy and water bills, as well as supporting schools with staff recruitment and retention.

Between 2014/15 and 2016/17 schools saved £106 million on non-staff spending and a nationwide network of Schools Resource Management Advisers, who work with schools to use every pound they spend effectively, is helping to build on that success.

This announcement follows a pledge by the Education Secretary to work with schools and bear down on cost pressures so every pound counts in the classroom.

Education Secretary Damian Hinds said:

I want to help schools use their resources as effectively as possible. This strategy equips head teachers and school business professionals with the practical advice, resources and support they need so that they can focus on what they do so well – delivering high-quality education for their pupils.

There can be no great schools without great teachers to inspire and motivate children, so it’s absolutely right that we help schools to maximise the money they have to spend in the classroom by working together, making sure they’re getting the best deals and are not being overcharged for services.

 

Is your school looking for Financial Management Consultancy.  Please contact us.