This episode considers how primary schools can balance their budgets, raise funds, and make the most of limited financial resources.

Two school finance experts discuss tips, ideas, and advice, including tenets of best practice in optimising your school's budget and for effective financial management.

We discuss challenges including rising energy and National Insurance costs, and falling pupil rolls. We also offer a range of ideas for reducing expenditure and generating income.

We consider areas where schools can work together to achieve economies of scale and hold suppliers to account, and how school improvement and School Development Plans link to budgeting.