Don’t just sit on your assets

Many school leaders will balk at the suggestion of commercialising their estate to make up for funding shortfalls, but Zofia Niemtus finds that renting out buildings and grounds, or even providing on-site classes and services to the community, can sometimes pay off

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The cash shortage in UK education is no secret and anything short of increased government funding is unlikely to make a big difference. But could schools leaders be sitting on – or in – an untapped source of revenue that would, perhaps, ease the financial pressure?

Marcus Orlovsky thinks so. The director of education consultancy Bryanston Square says that if schools want to boost their coffers, they should start thinking commercially about the assets at their disposal. “I ask [school leaders] ‘What’s the value of the school estate?’” he explains. “Let’s say you’ve got a secondary school ...

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