A recent survey conducted by the Sutton Trust and the Education Endowment Foundation, revealed that 6% of teachers reported using pupil premiums to fill holes in their school budgets. The premium, introduced in 2011 by the Coalition Government, is additional funding allocated to support disadvantaged pupils.
The small, but increasing trend highlights the ever-pressing constraints schools are experiencing with planning and allocating their school budgets.
Operating Leases have become an increasingly attractive funding option for the education sector, helping to provide greater flexibility, given that schools are able to spread the cost.
Why a White Oak UK Operating Lease?
Our Operating Leases can assist schools and colleges to spread the cost of essential procurement over a typical 1 to 3 year term.
Benefits of an Operating Lease include:
- Gives consideration to current accounting requirements
- Flexible repayment terms
- Competitive lease rates and simple documentation
- Straightforward and easy to arrange
- Decisions can be made in as little as 24 hours
Over the last 12 months, we have funded over £4.3 million in to the education sector.
As an established finance provider to the education sector, we strive to support schools to achieve growth through investment.