School lettings and multi academy trusts

School lettings and multi academy trusts: growth and maximising income

Growth is often a strategic priority for a Multi Academy Trust; ensuring MATs improve and maintain specific educational standards across the schools under their care, whilst also providing those schools with a sense of communal strength they may otherwise not have access to. 

And, at the heart of that is finance which, for a lot of Multi Academy Trusts, tends to pose its own challenges; funds so often forming the foundation of future plans and aspirations of both MATs and their individual schools. 

However, letting out school facilities via an outsourced school lettings programme, such as that offered by Schoolhire Solutions Ltd., can provide an additional revenue stream; maximising school income alongside a variety of other, associated benefits.

School lettings and multi academy trusts

So, with all of this in mind, how can school lettings benefit multi academy trusts, exactly? Let’s dive into the details… 

Provides additional income for school equipment: opening up schools to community lettings provides those schools with additional income that can be used to purchase much-needed school equipment such as art supplies, stationary, sports equipment or even computers, and anything that schools may otherwise struggle to afford. 

Provides additional income for facilities: alongside the above, the additional income generated from school lettings can also be used to pay for facilities; the maintenance of existing facilities, upgrading facilities or even building new ones, like halls, drama studios or classrooms. 

Enables additional income for educational trips: additional income from school lettings can also be used to subsidise educational trips for students, as well as enrichment programmes – enhancing the learning experience for any and all students under the care of the school benefiting from a lettings programme.

Fosters connections with local businesses & charities: of course, there are a wealth of benefits to schools opening up to lettings, over and above the obvious financial benefits, including the ability to create and foster relationships with local businesses and charities, which can lead to more awareness for the school within the local community, additional revenue and an increase in bookings, as well as an uptick in yearly admissions.  

Gets families and prospective students through the door: what’s more, school lettings can also get families and prospective students through the door, providing schools with a way to positively showcase (and show off!) the school and the facilities they have to offer, which can lead to increased admissions. 

And, indeed, there are a multitude of other benefits to school lettings for multi academy trusts and the schools within their care, more of which can be viewed within this dedicated document we’ve created for anyone interested in this subject to download and take away.

Or, you can contact our team for more information.

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