Leasing is becoming increasingly popular for schools, as the sector has realised the many benefits leasing can offer.
Interactive boards are one of the most popular assets we fund. By compliantly leasing boards, schools don’t have to delay classroom projects until they have enough capital reserves as they can install their desired boards now and pay over time as the boards get used. This helps schools make their budgets go further, so they can have the best technology in their classrooms.
Here are some of the key benefits of leasing interactive boards for schools:
1. Easy budget management
Leasing enables schools to allocate an affordable, regular budget for interactive boards, as payments can be spread over several years. This makes it easier to manage the boards’ lifecycles as schools can simply upgrade their equipment by leasing new interactive boards when the equipment is no longer fit for purpose, without affecting their budget.
Gone are the days when schools have to make do with aged equipment due to not having the capital budget available to replace it.
2. Increase engagement in every classroom
Most schools would only be able to afford to purchase new interactive boards through a staged upgrade. This means that it could take years before all students have access to the new, more engaging boards. However, leasing interactive boards enables schools to be able to install new equipment at the same time, so all students can benefit from the technology.
Interactive boards give a much clearer picture than classroom projectors, as they are far brighter and are not affected by shadows. This makes it easier for pupils to engage with the lesson content. Additionally, interactive boards can make lessons more interesting as students can demonstrate their learning using the multi-touch features.
3. Retain capital
In the current climate, schools are increasingly reliant on access to capital to pay for rising bills and unexpected costs. With leasing, large capital outlays are not needed, as schools instead pay as the equipment is being used. This allows schools to retain their capital and increase their financial security.
4. Consistent classrooms
Leasing allows schools to refresh all their classrooms at once, so they each have the same type of interactive boards. This promotes fairness and creates a consistent learning environment for teachers and pupils.
It also reduces teacher training needs as teachers don’t have to learn how to use different types of boards. Instead, teachers can move seamlessly between classrooms, without having to worry about setting up different technologies.
5. Afford larger, higher quality boards
As leasing interactive boards involves distributing payments over multiple academic years, it is likely that schools are able to afford larger, higher quality boards than they would have been able to if they were to purchase them. This means that students and staff can benefit from more advanced technology to assist learning.
6. Reduce IT issues and increase learning time
Installing new interactive boards school-wide should reduce schools’ IT issues as the technology is more fit for purpose than outdated technology. Additionally, having standardised boards in each classroom helps IT staff to solve technical issues far quicker, as they have a full understanding of the technology. With standardised technology, students can benefit from the learning time that is regularly lost due to equipment problems and staff are eased of the stress of equipment malfunctioning.
Hopefully, this information has given you a deeper insight into how leasing can be used to support your school to upgrade to new interactive boards. If you would like further information, our friendly team are always happy to answer any questions you may have.
Call: 020 3301 1240