The Vice-Chancellor’s February blog outlining the work required to get the University back on a financially sustainable footing, helping ensure we continue to be a great place to work, teach, research and study.
Since then, the Financial Sustainability and Improvement programme has been approved by Council, with a focus on carefully reducing costs, specifically targeting increase in income in areas that make sense and making the right strategic decisions.
This work is being coordinated by our Financial Improvement Director Peter Pentecost, who has been employed by the University specifically to develop this and to support its implementation. Peter reports to the Vice-Chancellor, supporting colleagues across the organisation to make sure the plans in the programme are delivered on time and that project milestones are achieved.
The four main strands of activity to deliver the programme have now been established, with Executive Group leads in each area focussing on how to identify savings and income opportunities with sufficient pace without destabilising our strong teaching and research ethos. There is more information on the different areas of work on our new Financial Sustainability staff webpages, with updates to follow in the coming weeks on recent progress with non-pay savings led by the Cash & Capital Approvals Committee, and new analysis undertaken for the University on student data trends to support our Academic Sustainability and Performance activity.
Find out more about our Financial Sustainability and Improvement work. Further information, including FAQs, will be available on these pages shortly.