Affordable school and college funding for equipment and sports pitches
Let us quickly secure the funds needed for your school with our expertise and specialist lenders who understand your requirements and budget.
Compliant leasing Solutions
One of the challenges facing the education sector is budget constraints. Our compliant leasing solutions can be used to fund necessary equipment, meaning schools can spread the cost through affordable fixed rental payments, which can be adapted to suit each school’s budgetary requirements.
Currently, an OPERATING LEASE is the only type of lease agreement that state-funded schools (local authority or academy) can enter into without prior approval from the Education and Skills Funding Agency (ESFA).
Our funding specialists thoroughly understand the Education and Public Sector, offering a range of programmes that are fully compliant with the UK Education sector. They are listed as approved suppliers on several Government-approved Frameworks.
How does it work?
Leasing can often seem daunting and complicated, but with the right advice and payment plan, it’s actually a simple and cost-effective option for schools to get up-to-date equipment without breaking the budget! Plus, we are there to hold your hand every step of the way.
We will assist throughout the process, leaving you free to get on with your daily tasks.
What are the advantages of leasing?
There are several great advantages when leasing equipment, including not having to pay the full cost of the asset upfront, thereby releasing much needed funds.
Leasing may mean you have access to a higher standard of equipment, which might be too expensive for you to buy otherwise.
Upgrade immediately - Upgrade your school’s technology, equipment and facilities immediately, without the need to save up your budget to buy upfront.
The asset is effectively paid for over the fixed period that you use it, which helps you budget for the future. As monthly rental costs are usually fixed, it can be easier to forecast cash flow.
What is an OPERATING LEASE?
An operating lease allows a school to use the asset over an agreed period in return for rental payments.
These payments do not cover the full cost of the asset as the lease will generally run for less than the full economic life of the asset, and the funder would expect the asset to have a resale value at the end of the lease, known as the residual value.
Ownership of the asset remains with the funder, and the asset will either be returned at the end of the lease, or you can continue to rent the asset at a fair market rent.
With an operating lease, there is no option for the school to take title at the end of the lease.
Who do we work with.
We work with all kinds of schools, from small village primary schools and single independent schools to large multi-academy trusts, colleges and multi-site universities.
We cover the whole of the UK and Ireland.
Buy and leaseback.
If you have just bought new equipment, but now you need to find additional funds for an unexpected situation? No problem; a specialist funder can buy the equipment from you, releasing your capital, and transfer it to a funded solution.
What types of Assets can be funded?
Most types of Assets can be funded, including:
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Desktop PC’s & Screens;
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Notebooks/iPads and Laptops;
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Multi-Functional Devices;
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Smartboards and Screens;
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IT Infrastructure/Servers and Telecommunications
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Audio Visual,
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Screens & Projectors
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Furniture & Infrastructure
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Synthetic Sports Pitches
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Gym, Sports & Playground Equipment
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Solar PV
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LED Lighting
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CCTV
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Vehicles
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Vending Machines
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Plant and Machinery assets
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Modular Buildings and any hard assets that are integral to the running of the school
Resources
View the latest DfE Guidance on Leasing and Subscription Services for School Equipment.
Our funding specialists are Crown Commercial Services approved suppliers. The Crown Commercial Service are the biggest public procurement organisation in the UK. The CCS use its commercial expertise to help buyers in central government and across the public and third sectors to purchase everything from locum doctors and laptops to police cars and electricity.
Our funding specialists are preferred suppliers to the Association of School and College Leaders (ASCL).
The Association of School and College Leaders (ASCL) is the leading professional association and trade union for all school, college and trust leaders.
They are proud to support and represent more than 21,500 leaders of primary, secondary and post-16 education from across the UK.
Everything ICT (Formally Think IT) is an EU Tendered, ICT procurement framework. It was originally designed specifically with education in mind but has subsequently been widened to include all public sectors in the UK.
There are over 150 of the best educational suppliers on the framework, all experts in their own area. You can use this site to help you set a strategy that’s right for you, get recommendations, and help you select the right suppliers all under one simple-to-administer contract.