Best Practice

Strategic financial planning for schools: Six ground rules & four tactics

School funding and finance Whole-school issues
It is a tough time for leaders of financial planning in education. Specialist Julia Harnden sets out six ground rules and four tactics that you can use to ensure your school doesn’t just survive – but thrives
Image: Adobe Stock -

The role of a school’s financial leader is to make informed decisions that meet the needs of children and young people and are aligned with available resources. This is a huge challenge.

If you are tasked with leading strategic financial planning it can feel a bit like a constant fight for survival – always balancing the demands of financial sustainability with the strategic aims and success of the organisation.

Which strategies will support you in your leadership role, develop a culture of shared responsibility across the organisation, and help to pin down the “known unknowns” in budget planning?

One thing is clear – this is not a task that any one individual can do alone, it is a team game. As a leader of strategic financial planning there are a few ground rules and a range of tactics that you can use to give your organisation the best chance of thriving and not merely surviving. 

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