The Bottom Line
The business of private schools
Jul 18, 2024
Geoffrey Stanford and other experts discuss the business of private schools in the UK, addressing the impact of VAT exemption removal, financial aspects, accessibility, benefits of private education, revenue challenges, and trends in mergers. They explore affordability for professionals, revenue strategies, and the importance of holistic development and social mobility through bursaries.
34:06
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Quick takeaways
- Private schools in the UK operate as businesses selling services to paying customers, highlighted by the recent scrutiny on VAT exemption removal.
- Different private schools demonstrate diverse market approaches and financial strategies to ensure sustainability amidst changing economic landscapes.
Deep dives
Private Schools and the Business Model
Private schools in the UK are businesses selling services to paying customers. The discussion around VAT exemption removal sheds light on the business and economics of private education. While about 6% of UK students are privately educated, they absorb around 15% of school resources, requiring an understanding of the diverse markets private schools cater to.
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