Government launches 'financial health checks' for schools

Following concerns over future budget pressure, DfE launches new service to help improve schools' financial efficiency

Posted by Stephanie Broad | July 06, 2016 | Law, finance, HR

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• #dfe
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• #financial-efficiency

As with other public services, schools will face additional financial pressure in the next few years due to a growing student population and over-stretched budgets.

The Department for Education (DfE) has published a ‘health checks structure’ and list of suppliers aimed at supporting schools, saying in a statement that: “Schools must ensure that their budgets deliver the best possible value for money and the best possible outcomes for children and young people.”

The DfE recommends seeking support from other local schools or sector organisations, consultants, accountancy companies or networks of school business managers and finance directors. Some schools may want to ask an external organisation to help them review their current financial position, identify issues and take appropriate action to address them.

Read more at Schools financial health checks.