Giving back to schools

Thousands of schools across the country are benefitting from a unique share of profits scheme operated by YPO, the UK’s largest publicly owned buying organisation.

The YPO Share of Profits Loyalty Scheme sees a share of YPO’s profits given back to its public sector customers based on how much they spend with YPO on resources in a calendar year. This year, £2 million will be shared amongst schools with the largest amount to be given back to a single school in excess of £7,400.

As a 100% public sector owned organisation, all the profit made by YPO stays within the public purse and each year, these profits are shared with customers through the loyalty scheme.

The scheme provides a welcome boost to schools, which in the current economic climate, are operating within tighter budget constraints. At a time when schools are being encouraged to improve productivity and maximise expenditure in order to improve young people’s education it is important that all schools explore ways to maximise budgets and deliver value.

By giving back a share of profits, YPO is able to deliver added value, enabling funds to be reinvested where they are most needed – at the frontline of education.

Harlesden Primary School in Brent is just one of the schools benefitting this year. Sarah Wawn, Deputy Head of Harlesden Primary said, “The YPO loyalty scheme has been really fantastic for our school. We’ve recently worked with YPO to furnish parts of our school, improving our classrooms and learning spaces. We have therefore not only benefitted from YPO’s procurement expertise and buying power, but also from a share of profits. This will help us buy further resources for the school in the future.”

Since its introduction in 2011 the scheme has given back almost £10 million to YPO customers in the public sector, benefitting thousands of schools nationwide.

The share of profits is given back in the form of YPO vouchers, enabling schools to purchase additional educational resources or office supplies. YPO has an extensive product range, with everything from furniture, sports equipment, curriculum resources, facilities management resources and much more.

For more information about the YPO loyalty scheme, please go to www.ypo.co.uk/loyalty