How schools spend additional revenue generated by lettings

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How schools spend additional revenue generated by lettings Schoolhire Solutions Ltd

How do schools spend additional revenue generated by lettings?

Additional revenue generated by school lettings can greatly benefit your school, enabling you to invest this revenue back into your classrooms, facilities, equipment and – of course – your pupils. Here’s how schools spend additional revenue generated by lettings. 

How schools spend additional revenue generated by lettings

Investing in new equipment: one of the most impactful ways schools spend additional income generated by lettings is by investing in new equipment; either replacing current old and faulty equipment or by purchasing new, state-of-the art equipment and technology. ‘New equipment’ could be something like new whiteboards for each classroom or a new projector for use in assemblies (main hall). 

Purchasing teaching materials: your teacher will always need new books, notebooks, study guides, teaching/educational software and visual/graphic display art to support their daily efforts – as such, many schools choose to spend a portion of their additional income from community lettings on purchasing much needed teaching materials. 

Upgrading IT: IT hardware and software are key to an effective and efficient learning experience at this time, and using additional income to upgrade their IT suite is often nearing the top of any school’s list of spending priorities that additional income can make a significant and positive contribution towards. 

Keeping on top of maintenance & repairs: ensuring a school is well-maintained – the spaces, the equipment and the facilities you offer your pupils & staff – are vital to, not just a positive learning experience for a school’s pupils, but the morale of staff as well as the overall reputation, and additional revenue from school lettings often helps schools afford regular maintenance & repairs. 

Installing new facilities: income from lettings can also be put towards the cost of installing new facilities such as a 3G astro turf or MUGA pitch; enabling schools to offer new activities to their pupils (and the community); enriching their education even more! 

Employing staff members: it’s also been known for schools to put the additional income provided by their lettings programme towards the employment of new and much needed staff members. 

Funding field trips: hands on learning experiences such as field trips really help foster a positive learning experience for pupils and it’s not uncommon for schools to use additional revenue from lettings to fund field trips.

In short, additional revenue generated by school lettings can make a huge difference to a school, directly and indirectly; your pupils, your staff, and your reputation within the community.

 

Find out more about how the team at Schoolhire Solutions Ltd. can help or contact us to discuss your requirements. 

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