The DVCs, Director of Finance and Faculty Deans met on November 10th to discuss the overall financial position of the University for the current and future years in light of this year’s student recruitment and to consider any outstanding bids for strategic investment.
In light of the revised budget that is being considered by Council on 27th November it was decided that only a limited number of critical bids could be funded from the remaining strategic investment budget. Schools that have been successful in this process will be informed by their relevant Dean and Denise Everitt will inform heads of Professional Service Departments.
Because of the overall efficiencies / additional income required over the next few years it was decided that any approval of future bids would only occur where there was a strong supporting business plan. Faculty Deans will be meeting with all schools over the next few months to discuss progress made against savings targets for 2015/16 and also to look at where there might be realistic opportunities for either growth of income or savings for 2016/17 onwards.