Ambition 2027
Finance strategy
We will provide a sustainable, solvent financial position that supports our core activities, and which facilitates the strategic planning, development and implementation of activities and decision-making in all areas.
Priority areas
Maintain long-term financial sustainability and solvency
This means:
- Increasing our operating surplus.
- Enabling long-term investment from cash generated by our increased operating surplus.
- Delivering key strategic projects that will enable sustainable growth for our University.
Maximise value for money across all activities, while understanding that this is not just a financial measure
This means:
- Following best practice for procurement.
- Maximising margin for income-generating opportunities.
- Looking to ensure our carbon zero targets for 2030 are met, both within our University and with our suppliers.
Maintain a clear and robust approach towards financial planning, decision-making and the allocation of resource
This means:
- Having reliable and timely financial information available.
- Undertaking robust appraisals of new opportunities.
- Continually reviewing financial returns of our existing operations.
Ensure the financial risks associated with ongoing activities and new opportunities are communicated and managed appropriately
This means:
- Ensuring financial risks are appropriately highlighted in our risk register.
- Staff are empowered to flag potential financial risks.
Ensure high standards of financial probity and accountability
This means:
- Continuing to ensure a full compliance of Office for Students (OfS) financial requirements.
- Continuing to ensure compliance with all accounting and legislative requirements.
- Ensuring compliance with our bond holders’ covenants.
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