Changes to leasing for LEA schools & academies

operating leases for schools

The Implementation of IFRS16 changes leasing for schools. In April the DFE changed the guidance for leasing for LEA-maintained schools and Academies.The changes have an immediate effect on LEA-maintained schools but Academies implementation may not apply until September 2024. Up until April, schools had been limited to Operating Leases when signing lease contracts, but since […]