The education sector often uses asset finance as a means of acquiring the necessary equipment, facilities, and resources needed to provide high-quality education services.
Thanks to the government adopting new accounting rules in 2024, Local Authority schools are now able to enter fixed term leases on a wide range of assets and equipment, and this flexibility will be extended to include academies from September 2024.
Asset finance means you do not have to pay the full upfront cost. Instead, you can spread the cost over time through regular payments, making it more affordable and manageable.
Investing in your school shouldn't leave your budget completely depleted; make use of the finance options available and level up your school today.
IT equipment
Telephony
Catering and cleaning equipment
Furniture
Bathroom and sanitary items
Gym equipment
Groundskeeping equipment
LED lighting systems
Minibuses and other vehicles
Temporary classrooms and equivalent structures
At Bluestone, our expertise and wide funding panel allow us to offer fixed term finance leases for a wide range of assets* across the board. Here are some of the assets your Local Authority school could finance.
*Assets not included on the DofE’s list will need to be submitted for consent to the Department of Education.
Asset finance opens up the landscape of opportunity for schools to be able to carry out their growth plans and facility the resources their students need for success.
Here are some of the ways schools and other educational institutions benefit from asset finance.
At Bluestone, we understand that financing your school projects can be a challenging task, especially with limited budgets and tight timelines. That's why we're here to support you every step of the way.
Our team has over 25 years of experience helping schools and educational institutions secure the funding they need to improve their facilities, upgrade their equipment, and implement new programs. We'll work closely with you to understand your specific financing requirements and provide you with a range of financing options tailored to your school's unique needs.
To be eligible for asset finance for schools, you typically need to provide information about your school's financial history, including revenue, expenses, and debt. We may also require a personal guarantee from key members of your school's management team.
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The repayment terms and interest rates for asset finance for schools vary depending on the specific financing product and the assets being financed. In general, repayment terms can range from a few months to several years, and interest rates will be determined based on your school's credit history and the specific financing product.
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There may be tax benefits or other incentives for schools that use asset finance, depending on the specific financing product and your school's location. For example, in some cases, you may be able to claim tax deductions for the interest paid on the loan. We would be happy to discuss these options with you and help you determine if they are applicable to your school.
BS.202311.01FAQ16
Absolutely! Our goal is to help you find the financing solution that best meets the needs of your school. We will work with you to understand your specific requirements and develop a tailored financing solution that fits your needs. This may involve considering a variety of financing products and providers, and we will provide you with guidance and support throughout the process.
BS.202311.01FAQ32
We know finance can be complex and often it's easier to talk things through. Drop us a message or give us a call 0330 135 8660 and we'll get back to you ASAP.
Our team are here for you, let us show you what we can do!
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