Loan scheme for schools (Statutory for Kent Maintained schools)

Activity type:
  • Consultancy / Consultation
Resource type:
  • Information

The loan scheme enables schools to borrow money from the Local Authority for capital projects.

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Loan scheme for schools (Statutory for Kent Maintained schools)

The loan scheme enables schools to fund capital projects within Local Authority guidelines.  Schools repay their loan back over an agreed timescale.

Pricing

This service forms part of the Local Authority's statutory obligations and is therefore non-chargeable at a school level.

An administration fee will be charged at:
£200 for loans up to £100,000
£300 for loans from £100,001 to £250,000
£400 for loans from £250,001 to £500,000
£500 for loans from £500,001

Interest will be charged at 1% above the Bank of England base rate.