Financial Strategy

To fulfil the plans outlined in this Strategy it is estimated that the University requires an investment of c. £80M for the five years 2014–19. This provides for a base capital programme averaging c. £16M per year (excluding any additional large student halls projects) which is an increase on the current average of £8M per year.

Whilst some of this investment will come from current cash balances, this increase will also need to be generated from the financial operating surplus, and the University will seek to move, in stages, to a position where the surplus is raised from the current 3.4% (£4.9M) to the sector mean of 4.4% and potentially to a target of 5% (c. £9M) by 2019.

The University will wish to ensure that it has the flexibility to respond to opportunities and circumstances as they arise, potentially investing in development activities across a range of projects and initiatives.