What do we mean by value? In this guest blog, Gary Adsett shares the “value-thinking” taking place at policy level in the development of independent schools across Queensland, Australia. He discusses how value-for-money is considered to maximise educational outcomes.

Caloundra Christian College. Architect: McLellan Bush.

I lead a Block Grant Authority that provides capital funds to Queensland independent schools to support their construction of new buildings and refurbishment of existing ones. The collective amount of funding distributed is significant, particularly when considered over a 10-year funding horizon. As with any investment, there is a desire to achieve a value-for-money outcome to maximise the return on investment. This funding is considered an investment toward the provision of high-quality student educational outcomes.