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UK schools benefit from 2 million profit share

26 October 2016 By Fiona Wilkins, Corporate Communications Manager

YPO School Profit Share

YPO, the UK’s largest publicly owned buying organisation is rewarding thousands of schools across the UK, with a share of £2 million of YPO’s Share of Profits Loyalty Scheme.

The loyalty scheme sees a share of YPO’s profits given back to its public sector customers based on how much they spend on resources with YPO each year. This year, the largest amount to be given back to a single school was £5,206. Cranbrook Education Campus topped the list of most bought items by schools in 2015-16.

YPO’s managing director Simon Hill said: “With budgets at a breaking point, schools are facing the persistent challenge of balancing providing an exceptional education with the pressures of keeping costs low. We’re delighted to play a part in helping schools that regularly buy equipment and resources from us by offering them a share of our profits through our longstanding loyalty scheme. Through this scheme, we’re able to offer a significant bonus to schools, which enables teachers to allocate funds into reinvestment projects they think would benefit their pupils the most.” 

Cranbrook Education Campus, in the new town of Cranbrook on the outskirts of Exeter is just one of the schools benefitting from YPO’s loyalty scheme this year. The school’s head of secondary Stephen Farmer said: “We were delighted to receive our vouchers through YPO’s Share of Profits Loyalty Scheme. We’ve worked with YPO prior to opening our doors on 1st September 2015 to obtain a range of resources, as well as specialist advice, to help us deliver quality lessons.”

The school’s head of primary Samantha McCarthy-Patmore added: “The loyalty vouchers have been invaluable for our school, helping us to reinvest in campus resources and the futures of our pupils.”

The school plans to use its loyalty vouchers to purchase more educational resources to support the innovative teaching across the campus. Since its introduction in 2011 the loyalty scheme has given back almost £10 million to YPO customers in the public sector. 
 
Categories: Education , YPO

Comments

Faye Dennis (Notley High School) on 15 March 2017

I would be interested in receiving some information on how your loyalty scheme works and whether or not our School would/could be eligible to join.

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