Nowadays, educational institutions such as schools and universities have stricter budget requirements but feel increased pressure to stay up-to-speed with the latest services and goods. In the field of education, this demand can be hard to meet, especially with the high costs associated with buying equipment.
Fortunately, there are many benefits in leasing instead of purchasing items. For example, ICT equipment that needs to be updated regularly can be leased to provide the leading-edge technology that students need. Furthermore, the capital needed to buy upfront is spread out over a longer period and might cover extras such as warranties and repair costs.
But educational equipment leasing isn’t only limited to new computers. Read on for the specific goods that alternative finance can cover the costs of:
IT and AV
Information technologies (IT) includes equipment such as laptops and PCs, but also tablets and software. Audio-visual (AV) appliances may include audio and music systems, wireless presentation devices and interactive screens – which are a valuable asset for any premise.
Catering
Essential components of any school or university, catering goods can be quite costly if paid upfront. Leasing goods such as refrigerators, cooking equipment, cash registers and furniture allow you to purchase high-quality equipment without breaking the bank.
Minibuses
Schools that have their own minibus have the choice to arrange field trips whenever they want, for a lower cost. Otherwise, the option would be to wait for a hiring company, which can be more expensive and complex. With funding for minibuses, the VAT cost can be covered with leasing, providing a more cost-effective solution overall.
Renewable energy
With many schools around the UK choosing to become greener, installing energy resources such as wind turbines, solar panels, and wind pumps, students become more aware of energy consumption, and schools save money on electricity.
If you don’t see any of your requirements listed above, speak to a financial expert to find out which needs can be covered with leasing.
Education funding through leasing – find out more
If you’re looking for tailored funding solutions approved by the Department of Education, read our guide to Education Leasing.
