How can schools increase income?

How can schools increase income from their facilities?

Particularly at this uncertain and trying time, where the cost of living is rising; and the cost of things like gas & electricity, new equipment, and transport are increasing, raising additional income is at the forefront of everyone’s minds, schools and their staff included. As such, we’ve written this short and helpful blog, answering the question: how can schools increase income? 

How can schools increase income? 

One of the most effective and time efficient ways for schools to increase income is to hire your facilities out to clubs, groups and businesses during periods that your school is vacant or would be closed – school holidays, evenings and weekends. 

Hiring your classrooms out to local businesses as meeting spaces, or to private tutors for exams, for example, when they’re naturally not in use is going to generate additional income for your school whilst helping out members of your local community; this then only helping to raise your profile, in a positive and productive way, within your area. What’s not to love? 

Plus, hiring out your facilities doesn’t necessarily mean you need to hire additional staff to clean and tidy up after use or really have very much to do with the process of hiring out your venue and facilities at all! There are dedicated venue hire and venue management businesses out there – such as Schoolhire Solutions Ltd. – who are here to take the stress and worry out of external hire; listing your venue, promoting it, overseeing queries and booking, and taking care of your venue once the bookings are complete – leaving you with more income and none of the stress! 

Hiring your school facilities out to your local community could be – and for the majority of schools it certainly is! – the most effective and efficient way to increase your income. Especially with Schoolhire Solutions Ltd., who take care of everything for you. 

To learn more about the process of venue hire, please contact us or sign up to our email newsletter for regular updates.