The removal of both VAT relief on school fees, and potentially also business rate relief, has added to the financial challenges facing many UK private and independent schools. In response, Headteachers and their teams may be looking to their buildings and wider estates to save or raise capital. Olivia Haslam, co-Chair of Savills Education group; David Collier, Director in Leisure, Tourism & Events; and David Parker, Head of Rating, run through the processes and pitfalls institutions should be aware of as they look to make the most of their estate while safeguarding their core school functions, and discuss what opportunities there may be to raise additional capital from buildings and land via events and other activities.
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