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Going for growth Feedback to Council Monday 28 th October 2013 Richard Dale Executive Director of Finance and Programme Lead. Context. 2012/13 performance was good: strong I&E and balance sheet Healthy outlook for 2013/14 and good forecasts for later years Student recruitment excellent

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Going for growthFeedback to CouncilMonday 28th October 2013Richard DaleExecutive Director of Finance and Programme Lead


Context
Context

  • 2012/13 performance was good: strong I&E and balance sheet

  • Healthy outlook for 2013/14 and good forecasts for later years

  • Student recruitment excellent

  • Research income back on track

    Opportune moment to look at size and shape

  • Thriving in the new dispensation

  • Strong cash balances

  • Emerging evidence of capacity constraints

  • Weak income growth in recent years


The case for growth
The case for growth

  • There is a correlation between reputation and size

  • There is a correlation between research quality and size

  • We have been losing market share

  • We need to be larger to be cost effective

  • Impact on the local economy

    And why not?

  • We are a popular choice for students

  • We have freehold development land

  • We have lots of cash and capacity to borrow




Total income 2001 2012 2001 02 100
Total income 2001 – 2012 (2001/02 = 100)

Overall position in Russell Group: 14th in 2001/02, 18th in 2011/12

Research income in Russell Group: 16th in 2001/02, 17th in 2011/12


What we won t be doing
What we won’t be doing …

  • We won’t sacrifice quality for quantity: academic excellence and student experience remain paramount

  • We won’t sacrifice our commitment to research led teaching

  • We won’t take our eye off the ball from existing commitments including responding to this year’s growth in student intake

  • And we won’t undertake any new projects without sufficient staff - academic, support and project management - to ensure their success.


The story so far
The story so far …

  • EB mini away day 25th May

  • Presentation to lay members of Council 17th June

  • Follow up EB discussion 4th July

  • Creation of “long list” July/August

  • EB away day 23rd September

  • Initiation of programme management October

  • Initial feedback to Council 28th October

  • Creation of SIG November

  • Feedback to heads of unit 21st November

  • Initial feedback to Senate 26th November

  • Further discussions at Senate/Council TBA


Programme objectives
Programme objectives

  • Grow the University’s total income from £400m in 2012/13 to £500m by 2017/18

  • Enable simultaneous progress on initiatives to improve academic quality, student experience and research excellence

  • Identify and address resource constraints including buildings, equipment and staff


The initial project list
The initial project list

New degrees

  • Sports and exercise science (CD)

  • Physics (SH)

  • International Management Programme (CH)

  • Logistics and Supply Chain Management(CH/SH)

  • Media/Culture Lab (CH)

    Strategic developments

  • MOOC’s (SC)

  • Engineering curriculum (SH)

  • Xiamen (ER/CH)

  • London (ACS)

  • INTO NUMed (ACS)

  • Science Central (SH)

  • Innovation (NW)

  • US MBBS provision (CD)

  • Philanthropy (CD/AK)


Questions to address
Questions to address

  • Do the proposals enhance quality and reputation?

  • Do the proposals maintain a strong teaching/research balance?

  • Are the proposals realistically achievable?

  • Are the proposals worth the effort?

  • Will the proposals be financially sustainable in the long term?

  • Do we have capacity to deliver?

    • Quality of school/institute leadership

    • Project management capacity

    • Estate and infrastructure capacity

    • Academic capacity


Next steps
Next steps

  • Request for input for NU Connections and directly

  • Initial feedback to Senior Officers Group, Heads of Unit Forum, Council and Senate

  • Creation of Special Interest Group (SIG)

  • Creation of programme management processes and governance

  • Identify and implement quick wins to address resource issues arising from this year’s growth

  • Deep dive to create business and academic cases for initial project list

  • Report back to Council and Senate early next year – an ideal topic for the next joint meeting?


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