Collection

Schools financial health and efficiency

Information, tools, training and guidance to help schools improve their financial management and efficiency.

Introduction to schools financial efficiency

Here you can find an overview of the schools financial efficiency support package and a guide to getting started.

  1. Schools financial efficiency: a guide to getting started

    • Guidance

Business cycle and budget planning

A guide to approaching financial planning and information about the EFA Information Exchange – EFA’s digital platform for local authorities, academies, maintained schools and other funded providers that includes an online calendar setting out key dates in the school business cycle.

You can also read case studies on schools’ financial health and efficiency showing examples of effective financial management in schools.

  1. Schools financial efficiency: top tips for financial planning

    • Guidance
  2. EFA Information Exchange

    • Guidance

Financial review and self-assessment

These tools help you assess your current financial position, compare your school’s spend with other similar schools, and carry out a review of your budget to identify risks.

  1. Schools financial efficiency: metric tool

    • Guidance
  2. Compare your school's budget: financial benchmarking

    • Guidance
  3. Schools financial value standard (SFVS) and assurance

    • Guidance
  4. Making the most of financial review and self-assessment tools

    • Guidance
  5. Answering questions on schools financial health and efficiency

    • Guidance

Financial management and efficient resourcing

Effective financial management involves the whole school leadership team. These pages provide information to support the leadership team.

You can also read case studies on schools’ financial health and efficiency showing examples of effective financial management in schools.

  1. School workforce planning

    • Guidance
  2. Schools financial efficiency: strategic financial planning

    • Guidance
  3. Schools financial efficiency: budgeting with a 3 to 5 year plan

    • Guidance
  4. Schools financial efficiency: benefits of workforce planning

    • Guidance
  5. The role of the school business manager

    • Guidance
  6. Maintaining good financial health

    • Guidance

Capital efficiency

This section will help you manage your school building efficiently and get the most out of your capital and maintenance expenditure.

Effective maintenance reduces the risks associated with buildings and building services, and helps to prevent the need for significant capital expenditure and disruption which can follow building failure.

  1. Essential School Maintenance - a guide for schools

    • Guidance
  2. Capital funding for multi-academy trusts (MATs)

    • Guidance

Guidance for governors

School governors and academy trustees have a key role in ensuring schools manage their finances efficiently. These pages provide information and support to help governors.

  1. Schools financial efficiency: top 10 planning checks for governors

    • Guidance
  2. Schools financial efficiency: the role of the school governor

    • Guidance

Commercial and procurement

These pages include advice about practical buying, effective and collaborative procurement, and tips to help schools get the most value from their budgets.

They also include links to information from Crown Commercial Service (CCS), which works closely with DfE to develop better deals for schools.

The department’s buying for schools collection also provides guidance on planning, achieving simpler and more economic routes for buying both products and services, and information on contract management.

  1. Schools financial efficiency: effective procurement

    • Guidance
  2. Schools financial efficiency: collaborative procurement

    • Guidance

Schools financial health checks

Having access to good financial advice and support is an important part of running an effective school. Schools can take advantage of this advice and support to help them review their current financial position, identify issues and take appropriate action to address them.

We have developed the financial health checks structure to help schools to identify what support they need. We have also started to develop a directory of some of the suppliers that can provide these checks, or elements of these checks.

  1. Schools financial health checks

    • News story
  2. Schools financial health checks: supplier directory

    • Guidance
  3. Schools financial health checks: supplier registration form

    • Form

Financial training and peer support

There’s a lot of financial management training and support available to school leaders. This page will help you find and use it. It includes links to useful sector organisations, their training courses and other resources.

You can also read case studies on schools’ financial health and efficiency, showing examples of effective financial management in schools.

  1. Schools financial efficiency: training and peer support

    • Guidance
  1. Review of efficiency in the schools system

    • Consultation outcome