Finance Strategy

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To achieve this, we will: 2.1. Develop a long-term funding methodology to maintain our estate and equipment, setting aside funds to enable proactive maintenance and lowest lifetime cost policies. 2.2. Regularly review existing and planned activities to identify those where income does not cover their full economic cost, identify improvement programmes where appropriate and tailor our academic and commercial activities accordingly. Invest in our systems and staff to ensure analysis is based on trusted and transparent data and considers the interrelationships of our activities. 2.3. Prepare thorough long-term financial and investment plans that ensure the institution has sufficient financial headroom to remain viable and meet banking and regulatory requirements, even if multiple adverse situations arise. 2.4. Deliver the Hartpury Transformation Programme to develop efficient, user-friendly processes and systems that demonstrate value for money to our stakeholders.

Public sector funding is predicted to remain challenging during the lifetime of our strategy. As an institution that relies largely on public funding we need to make sure that we use our funds wisely, ensuring we deliver strong operating cash flows, maintain the quality of our estate and facilities and attract, retain and motivate our staff, as well as invest in our strategic goals. We will reduce non-value-adding activity through developing processes and systems that are efficient, integrated and provide an excellent user experience to maximise the use of our funds. Given the heightened risks facing the UK Education sector, we will ensure we have sufficient funding and liquidity headroom to overcome adverse situations.