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< back Exclusive: DfE to encourage schools to lease equipment February 2011 The Department for Education has signed up the Financing & Leasing Association (FLA) to develop an equipment leasing framework for schools. EducationInvestor understands that departmental officials have asked the FLA to create a suite of documents that will help schools to understand leasing arrangements, and what questions they should ask before signing up. The move is intended to help schools continue to invest in technology even as capital funding plummets. By leasing equipment, rather than buying it, schools can instead pay for their ICT from their revenue budgets. “Some schools were set to lose more than 90% of their capital budgets. The new documents will help them to maximise their investment in ICT through the innovative use of their recurring budgets. If you stop investing in technology, there’s a danger of regression.”. Philip White, Chief Executive, Syscap

Exclusive: DfE to encourage schools to lease equipment

February 2011

The Department for Education has signed up the Financing & Leasing Association (FLA) to develop an equipment leasing framework for schools.

EducationInvestor understands that departmental officials have asked the FLA to create a suite of documents that will help schools to understand leasing arrangements, and what questions they should ask before signing up.

The move is intended to help schools continue to invest in technology even as capital funding plummets. By leasing equipment, rather than buying it, schools can instead pay for their ICT from their revenue budgets.