School & public sector finance

With new accounting rules now coming into effect in April 2024, local authority-funded schools can now acquire equipment via a Finance lease. Leasing is a great way for schools to secure the equipment and facilities they need to provide an A* star education.

Schools can now finance essential equipment without the admin burden and need for consent. Starting from April 2024, local authority-funded schools can take advantage of finance leasing options for prescribed equipment. Academies have the opportunity to adopt these rules starting September 1st, 2024.

At Johnson Reed, we’re committed to supporting schools in acquiring the resources they need to provide quality education. With our tailored leasing solutions, schools can access essential equipment hassle-free, empowering them to focus on what truly matters – nurturing future generations.

Education and public sector austerity still in effect, and with signs of it continuing for years to come, it’s been even more important to move the requirement for new equipment out of stringent capital expenditure and into more flexible revenue budgets.

We work with all kinds of public sector bodies, from nurseries to universities, leisure centres to government agencies. Each of them can see new and exciting potential in developing their growth with equipment leasing, which is much more manageable and tax efficient than traditional forms of bank lending.

Here are just some of the public sector groups we are able to work with:

• Education
• Health care
• Central and local government
• Housing associations
• Prisons
• And many more

We help the public sector with lease rentals for the following equipment:

• IT hardware, software, training and services
• Telecommunications
• Office furniture
• Sports facilities, including soft play and school playground equipment
• Vehicles and transportation
• CCTV and security equipment
• Specialist equipment (music technology, stage lighting)
• Heating and air conditioning systems
• Catering and restaurant equipment
• Medical equipment and so much more…

There are big benefits for choosing a Johnson Reed public sector finance & leasing option:

• Fixed monthly, quarterly or annual repayments – easier financial planning
• Immediate access to much needed equipment – without cash flow restrictions
• Independent funding – will not affect any existing bank or credit relationships
• Simple to arrange – plans can be tailored and agreed quickly and easily
• Revenue budget not capital budget – keeping cash flow in tact
• Middle management sign off – no need to go to tender
• Experience – 20 years in the finance industry
• Slow start payments – defer the start of your contract to fit into next years budget
• Off balance sheet rental plan with option to acquire title – continue renting or simply hand back

Speak to one of our experienced finance advisors today, and we’ll help you tailor a deal to your requirements.