We are accredited under the Coronavirus Business Interruption Loan Scheme (CBILS). Check your eligibility & apply today. Find out more →

  • education-comment.jpg
  • Our stretched schools should turn to alternative finance options

Views from the flipside

The subject of education budgets has taken its fair share of the limelight over the last few years, though sadly for the wrong reasons, with schools across the UK facing ongoing pressures when it comes to funding.

Last week, the Education Policy Institute (EPI) released a new report detailing the scale of this, with more than 60% of local authority maintained primary schools and over two thirds of secondary schools spending more than their allotted income in 2016-17, and this shows no sign of slowing down.

Additionally, despite there being more pupils in the education system than ever before, per-pupil funding appears to be in decline, which poses the question, just how are our schools going to access the funds needed to support pupil development?

Operating leases for schools to buy equipment

There’s a need for schools to procure new technology, furniture and facilities to provide students with the right learning environment, and this is often a regular, annual expense. But when budgets are stretched, schools are under growing pressure to explore alternative options, to ensure they can cater for this essential expenditure.

Increasingly, we see schools turning to alternative methods to cover these costs, from fundraising initiatives to operating lease agreements - an off-balance sheet solution that helps the cost of investment to be spread over a more suitable period. 

What is clear is that the landscape is changing, meaning that schools and those supplying into the education sector need to consider how they can ensure they have access to the right tools to support ongoing development and help our children to thrive.

Don't let your budget limit your school's options

Why choose White Oak UK?

  • No red tape, so you can receive funds in as little as 24 hours
  • We accept 4 out of every 5 applications
  • Apply quickly and easily with E-sign loan documents
  • You’ll always speak to the same person
  • Free up cash flow for other areas of your business
  • Tailored finance agreements to suit your specific needs

Views from the flipside

What our customers say

We could not have been happier. Banks as usual were a nightmare - they took over six weeks to eventually refuse for vague reasons unexplained. White Oak UK were professional, helpful, friendly, and best of all, fast.

credit-awards2018 Winner - Flintshire Business Awards leasing-life-award2018 leasingworld2018-1 SME Awards - Alternative Funder of the YearInnovator of the Year 2016Business Comparison Asset Finance Lender Award Growing Business Award - Amazon