Asset finance provides an opportunity for educational institutions to acquire the necessary equipment without large upfront payments, hefty deposits, or traditional bank loans.
Traditionally, schools could only obtain equipment through an operating lease. However, asset finance offers greater flexibility and fewer restrictions, enabling academies, trusts, and schools to invest in their facilities more effectively.
Benefits of Asset Finance:
- Improve and expand your school’s facilities.
- Enhance the learning environment.
- Acquire new vehicles and equipment with manageable payments.
Types of Equipment Available through Asset Finance:
- IT and Telephony: Computers, laptops, servers, and telecommunications systems.
- Catering and Cleaning: Commercial kitchen equipment, dishwashers, and cleaning machines.
- Furniture and Sanitary Items: Classroom desks, chairs, office furniture, and bathroom fittings.
- Groundskeeping Equipment: Gym and sports equipment, LED lighting, and solar installations.
- Vehicles and Structures: Minibuses, other vehicles, temporary classrooms, modular buildings, and related structures.
Important Notice:
- The new rules for Maintained Schools, including Community, Foundation, Trust, and Voluntary Aided Schools, are effective from 1st April 2024. Academies will follow these guidelines from 1st September 2024.
- Asset finance agreements may not be suitable for all schools. It’s important to consider your school’s financial situation and seek independent advice if necessary.
Ignition Credit PLC are authorised and regulated by the Financial Conduct Authority, FRN: 679018, authorised Credit Broker and Lender, we work with a panel of lenders. Business Customers Only. All finance products are subject to status and affordability checks. Terms and conditions apply.’
Keen to learn more, or have a list of equipment you need to get? Simply complete the form below or call us on 01872 272900
