Stewarding our finances so that we can invest in our goals

The purpose of our financial strategy is to achieve our mission and goals and to ensure that the University can pursue its mission long into the future. Our income will need to meet both the costs of current activities and the costs of future commitments and maintaining and developing our infrastructure and assets for the future.

We will strive to remove financial barriers to study by providing free courses and programmes, by keeping our fees as low as possible without compromising quality or our ability to pay and reward our employees fairly and competitively, and by engaging with policy-makers to achieve the funding needed to achieve our goals. We will maintain and seek to enhance bursaries and hardship funding for students who need them.

We aim to spend our money well, without waste and in line with our principles and values. We will further diversify sources of income where that helps to achieve our goals and manage financial risk. For example, further developing our apprenticeship, technical education and microcredential offers will both diversify our income and extend our reach to new students and learners.