Schools’ spending in recovery
The financial status of the education sector continues to be increasingly positive year on year, a recent BESA survey has revealed.
Schools indicated a rise in expenditure in all the areas categorised; ICT, non ICT and furniture/storage equipment. Spending in 2013/14 was projected by schools to increase by 2.7 per cent, after reported growth of 2.3 per cent in 2012/13.
Of the 137 primary schools surveyed, the outlook for 2013/14 spending was expected to increase by 3.6 per cent, while secondary schools indicated an overall positive growth of 2 per cent.
The research carried out in conjunction with the National Education Research Panel (NERP), highlighted a shift in investment in technology in particular.
In 2011/12, spending on ICT products was forecast to decline by 5.4 per cent. However spending in 2012/13 has been estimated to have increased by 2.1 per cent and is projected to increase by 2.9 per cent in 2013/14.
Caroline Wright, director at BESA said: “The research comes at a time of significant change within the education sector. The introduction of the new primary curriculum in September 2013 is driving demand in schools for aligned resources, schemes of work and teacher’s material. It is heartening for the economy that the findings of our quarterly survey show a positive and optimistic outlook by both schools and suppliers.”
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