Schools Financial Benchmarking

What is Financial Benchmarking for schools?

Financial benchmarking means comparing your finances with other schools and academies who have similar characteristics and challenges. Areas that schools often compare are their income, expenditure, balance and workforce with either schools of a similar size or within their Local Authority (LA).

Why Benchmark?

Benchmarking serves as a vital tool to enhance decision-making processes and optimise the use of resources. By evaluating financial performance against similar schools, we can identify areas for improvement, implement best practises, and ultimately enhance financial efficiency.

Click here to view Wallop Primary School's financial information and how this can be compared to other similar schools on the Government Website.