Financial support for schools
Support for schools financially impacted by the effects of COVID-19.
Since the start of the pandemic, the ISC and member associations have taken steps to support schools who have been financially impacted by the effects of COVID-19. All associations provide courses/webinars, training sessions and guidance notes on financial issues and should remain your first port of call for more detailed advice. This could be your school/heads association, ISBA or AGBIS.
To support schools in their financial planning, ISC has worked with ISBA & AGBIS to produce a short paper (ISC member login required) setting out key risks for schools (both Covid and non-Covid) and measures on managing costs.
In addition, ISC has worked in partnership with the legal firm VWV to update guidance for schools on mergers and acquisitions. You can read the online booklet 'School Transactions: Mergers, Acquisitions and Disposals' as well as a short addendum on COVID-related issues.