FIGHTING FOR 
EDUCATION

ION's Mission to drive sustainable education.

Executive Summary

In the face of chronic underfunding and under-resourcing within the education sector, schools, Multi-Academy Trusts (MATs), and colleges across the UK are struggling to provide quality education.

With spending per pupil falling by 9% in real terms, and rising costs adding further strain, the education sector faces a crisis. This underfunding has led to larger class sizes, reduced staff numbers, and cuts to essential services, directly impacting students’ educational experiences.

ION recognises the urgent need for innovative solutions to address these financial challenges. Our mission is to deliver transformative technologies that empower education providers to manage their finances effectively and ensure long-term sustainability.

By leveraging advanced financial management tools and strategic insights, schools can optimise resource allocation, improve budgetary controls, and drive down costs.

Our framework for change is based on three pillars:

Control Spend
Enhance financial management, enable accurate forecasting, and provide actionable insights for better decision-making.
Drive Down Costs:
Increase spending capabilities, improve savings, and level the financial playing field across education.
Leverage Technology
Utilise best-in-class finance technology products, drive innovation, and provide access to crucial decision-making data.
Navigating the complexities of education finance is a formidable challenge, but ION is committed to working alongside schools and colleges to implement solutions that address immediate financial needs and lay the groundwork for sustainable growth.

By collaborating with education leaders, we will enable them to take control of their financial sustainability, achieve excellence, and make a lasting impact on the next generation.

our mission: deliver once-in-a-lifetime innovation that will change the trajectory of education.

At ION, we understand that there is a critical need for Multi-Academy Trusts (MATs), schools, and colleges to navigate these financial pressures effectively and drive meaningful change, ensuring the sustainability of education for future generations.

As the challenges of underfunding in schools continue under multiple governments, the need for innovative solutions is becoming more and more evident.

We are building the tools and technology for change.

Underfunding in schools:
the hard reality

The issue of underfunding in UK schools has reached a crisis point. According to the Institute for Fiscal Studies (IFS), school spending per pupil in England fell by 9% in real terms between 2009-10 and 2019-20, marking the largest reduction in over 40 years.

Although recent government commitments have aimed to increase funding, these efforts have onlybegun to reverse the cuts, leaving many schools still struggling to make ends meet.

In combination with rising costs and staff shortages, the financial strain on education providers has led to larger class sizes, reduced staff numbers, and cuts to essential services, directly impacting the quality of education that students receive. In fact, a survey by the National Education Union (NEU)in 2023 revealed that 72% of school leaders reported having insufficient funds to meet the needs of students with special educational needs and disabilities (SEND).

The phrase “underfunded schools” has unfortunately become a familiar refrain, but it is crucial tounderstand the real-world implications of this chronic underfunding:
Rising energy costs
In 2023, schools reported a staggering 200% increase in energy bills, further straining already tight budgets. Even the prestigious BRIT School, renowned for its performing arts programme, has been forced to make difficult decisions due to these rising costs.

This situation is not unique; a survey by the NAHT found that 95% of school heads have had to fundraise to cover essential costs, highlighting the dire situation many schools now find themselves in.
Inflation and cost-of-living crisis
The cost-of-living crisis and inflation have both exacerbated the financial challenges faced by schools. Teacher pay rises, which were only partially funded by the government, have left schools scrambling to cover the shortfall.

A report by the National Foundation for Educational Research (NFER) found that two-thirds of primary and secondary school leaders cited cost-of-living pressures as a primary driver for making cuts to spending.
Staff cuts and increased class sizes
Budget shortfalls have led to widespread cuts in the number of teaching assistants, with nearly 50% of schools reducing their TA staff in 2023, according to the NEU.

At the same time, class sizes have continued to grow, with the Office for National Statistics (ONS) reporting that the average class size in England reached 27.4 pupils in 2023, the highest in over a decade.
Extracurricular activites cut
A 2023 survey by the Education Policy Institute (EPI) found that 64% of schools had cut back on extracurricular activities, depriving students of opportunities to explore their interests and develop new skills.

This reduction also extends to school trips, with 50% of senior leaders reporting that they had to cut back on trips and outings during the 2022-2023 academic year.

The Solution:
Control spend and drivE down costs

Given today’s challenging financial landscape, it is crucial for educational institutions to leverage advancements in technology to manage their finances effectively.

With rising costs and limited budgets, schools, academies, and colleges must find ways to control spending and optimise resource allocation.

This is where technological advancements in accounting and finance solutions have the power to make a significant difference to educational outcomes.

Controlling Spend

  • Provide better financial management
    • Enable accurate forecasting
    • Improved budgetary controls
    • Actionable insights that enable decision-making

Driving Down Costs

  • Increase your spending capabilities
    • Improve savings to increase the availability of cash and resources
    • Level the playing field and break financial barriers across education
    • Intelligent purchasing data for strategic buying

Leveraging Technology

  • Technology
    • Design and deliver best-in-class finance technology products and tools
  • Innovation
    • Relentless drive in innovation to change the status quo
  • Data and Insights
    • Access to decision-making data that is not currently available to finance leaders

Our Commitment:
Driving Change

We believe that education is the foundation of a thriving society, and it is our mission to ensure that every school and MAT has the financial resources they need to succeed, even in the face of adversity.

As schools continue to grapple with these challenges, it is increasingly clear to us that without significant changes to funding and financial management, the future of education in the UK is at serious risk.

We recognise the urgent need for innovation in how schools manage their finances, which is why we are dedicated to designing and building technologies that pave the way for long-term sustainability.

ADVOCATING FOR 
SUSTAINABLE EDUCATION

At ION, we stand firmly import of sustainable education and the need for systematic change in how schools are financed.
Our goal is to empower MAT, school, and college leaders to take control of their financial future through advanced technology and strategic financial management. We know that to make education truly sustainable, we must do more than just manage budgets — we must transform them.
We believe that every student deserves access to high-quality education, regardless of their background or the financial situation of their school. This requires not only fair and adequate funding from the government but also innovative solutions that enable schools to make the most of the resources they have.
We are committed to working alongside education leaders to advocate for a financial environment that supports the long-term sustainability of education. By delivering world class products and technology, our aim is not just to provide software, but to offer a pathway to financial resilience that will future-proof educational excellence for the next generation.

Conclusion:
working for success in
education finance

While navigating the complexities of education finance is a formidable challenge, it is not onethat education leaders need to face alone. By collaborating with ION, education providers gain access to unparalleled expertise in education finance, world-class technology, relentless innovation, and powerful data insights.

At ION, we are committed to driving financial transformation in education, working alongside schools and colleges to implement solutions that not only address immediate financial needs, but also lay the groundwork for sustainable growth and success:

  • Optimise resource allocation
  • Streamline financial operations
  • Deliver intelligent purchasing
  • Inform financial decision making

By leveraging our expertise and innovative solutions, the responsibility to ensure that your institution is well-equipped to navigate the financial challenges ahead becomes our shared endeavour, lightening the load for CFOs and finance managers

TOGETHER WE CAN MAKE A LASTING IMPACT ON THE FUTURE OF EDUCATION, TAKE CONTROL OF YOUR FINANCIAL SUSTAINABILITY, AND ACHIEVE EXCELLENCE IN EDUCATION.

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