It is our job to make sure independent schools and senior secondary providers are capable of managing their own finances. Your school should take a proactive approach to preventing, detecting and treating any signs of financial stress.
Students are also consumers, so we may take action to protect their interests if issues around a school's financial viability arise.
We have prepared guidelines to help schools understand our powers and how we conduct financial capability assessments:
We have also worked with Somerset Education to produce a booklet on financial sustainability, common causes of financial stress, and methods for diagnosing financial health.
To download the booklet, see: