Spring is a crucial time of year for schools in the UK, as they are able to confirm pupil numbers for the following year. Head teachers or estates managers can now gain an overview of where additional classroom space is required.
However, the timescales mean that schools have just a few short months in which to procure new classrooms and have them built. Modular classrooms are an obvious and ideal solution.
Funding for modular
There can be another problem facing estates managers: what if they don’t have the capital required to purchase a modular classroom? That’s when leasing can be a huge help.
That’s why we are pleased to announce that Axis Lease Management (Axis Leasing) has joined us as our preferred funding partner.
Axis Leasing has been involved with funding modular buildings since 2012 and with specialist LGEM (Local Government, Education and Medicine) funding for 20 years. Having been established 22 years ago, Axis has unrivalled experience in helping to provide creative finance solutions.
Commenting on the partnership, Axis Leasing director Deb Chick said: “We are really excited about working with Elite Systems and believe our long standing LGEM experience will be a perfect match for both companies.”
The company works in both the public and commercial sectors and is able to deliver tailored payment options to suit the ever-changing needs of all of our market sectors – including education, healthcare, and other public sector estates.
Academies, local authority schools, and NHS trusts can use approved operating leases for finance. Other bodies, whether they are commercial businesses or independent schools, can opt for a range of lending products including finance lease, hire purchase, and loans.
At Elite, we’re advocates of flexibility, and that applies to finance as well as to modular building design.
What are the benefits?
Besides offering highly competitive rates our clients can benefit from:
- Spreading the cost of the buildings over a 9-year period (this includes operating leases).
- The inclusion of groundwork, lighting, furniture costs within the funding.
- LEA-compliant lease facilities.
- Deferring the first payment to match the rental with our customers’ budgets.
- Fixed payments for the term of the agreement.
- Ongoing support throughout out the life of the contract at Axis.
- Tax efficient solution for commercial organisations.
- Additional line of credit.
Our rental programme is simple and easy to arrange. All our customers have to do is speak to their usual account manager and they will be able to provide a quotation.
A new modular building doesn’t have to be financed out of working capital or through a bank. By offering flexible funding options like leasing, there’s no reason to hold back on securing the extra space needed at this critical time of year.
And with off-site construction offering a speedy solution for schools in need of increased space, our high-quality modular classrooms are the best option for education.
If you’d like to learn more about our leasing options, please contact us today.
