Upgrading your school’s technology used to mean one thing – a big upfront cost. However, with budgets under pressure, many school leaders are looking for smarter ways to invest in new IT equipment without draining precious resources.
That’s where leasing for schools comes in. Instead of buying devices outright, schools can spread costs over time, stay up to date with the latest tech, and reduce the strain on their finances, all while keeping students equipped for modern learning.
Let’s explore the real benefits of leasing for schools and why it’s becoming a more popular choice for schools across the UK.
- Protect your budget and cash flow
- No massive upfront costs
Leasing means you don’t have to pay huge sums up front. Instead, you spread the cost over regular payments, making it easier to protect your cash flow for other priorities like staffing, building repairs, or pupil support. - Predictable costs for easier planning
With fixed payments over one to seven years, you can plan your budgets more confidently. No nasty surprises or sudden big spending. - Keep funds free for other needs
Leasing allows you to keep money in the bank for emergencies or other investments. For many schools under financial pressure, flexibility is invaluable. - IFRS
With the recent changes in accounting, leasing is now much more appropriate and decisions can be made on the basis of the useful life of the equipment
- Stay up to date and avoid tech headaches
- Up to date equipment
Tech is moving fast! Leasing makes it simple to refresh your devices every few years, so you’re not stuck with aging laptops that can’t run the latest software and maximising warranties that are available and keeping the school current and competitive - Reduce IT headaches
Many leases can now include warranties, support, and maintenance. That means fewer headaches for your IT staff and more peace of mind if things go wrong. - Consistent devices, less hassle
Leasing helps you roll out the same devices across classrooms, making life easier for teaching staff and simplifying IT management.
- Stay compliant with education finance rules
State-funded schools face strict rules around buying and borrowing. Leasing offers a way to stay compliant:
- New Accounting Standards – IFRS 16 changed how leases appear in accounts, but the Department for Education has provided “general consent” for many common assets, keeping things straightforward for schools. All Schools will now be able to make more appropriate informed decisions when considering the best way to purchase all IT assets. Where devices have been historically returned and replaced after 3 years to benefit from the most up to date kit, warranties etc, a residual based lease will still be the best option. With Items such as boards, infrastructure and wifi solutions now we can match the term with the warranties and lease for a longer period of time, matching the term with the actual useful life.
If you’re unsure how leasing fits into your finance rules, or you need help with how to account for them always get specialist advice, it’s worth it for peace of mind.
- Support for digital learning schemes
Many schools now run 1-to-1 device schemes, where each student gets their own device. Leasing can support these initiatives in several ways:
- Parental Contribution schemes – Some leasing providers offer online portals for collecting parental payments, easing the admin burden on your team.
- Insurance included – Leasing can bundle in accidental damage and theft cover, giving schools and parents extra peace of mind.
- Admin tools to save time – Manage orders, payments, serial numbers and claims all in one place, making it much simpler for busy staff.
Why schools are moving to leasing
Schools across the UK are increasingly choosing leasing because it:
- Keeps tech modern and reliable
- Protects limited budgets
- Reduces admin headaches
- Helps schools stay compliant
If your school is looking at upgrading IT, leasing could be the flexible, future-proof option you’ve been searching for. Get in touch with our team today.
The benefits of leasing for schools are clear. From predictable costs and better budgeting to easier device management and access to expert support, leasing is a smart way to upgrade your school’s technology infrastructure.
If you’re exploring ways to fund new devices or any other acquisitions for the school, reduce pressure on your IT team, or launch a one-to-one device scheme, now is the time to explore your options.
Contact our team today to see how leasing could support your school’s budget requirements or digital goals.