Securing financial resilience
Securing financial resilience
The experience of recent years has shown that we need greater financial resilience to protect against the volatility of the external environment in the short term and to allow investment in the infrastructure necessary to support our quality and purpose in the longer term.
To do this, we will target a recurring operating surplus of 7% of annual income.
York voices
What our community told us
“Even though I really like the campus, I feel like there are definitely some buildings and residences that could really do with some improvement.”
“We need to recognise and acknowledge good work, but when resources are tight, there is no head space to innovate or plan.”
“I choose reinvesting into the university through its research and also the campus; it’s already gorgeous and it's beautiful, but the upkeep of that is very important to me.”
“We need to come together to bring new big scale income streams into higher education and into York specifically, because the wider funding environment is cutting off traditional modes that we mostly used to make a surplus from."
“I get assignments on a certain platform. I have my timetables on another. I have an app for my digital cards. You have the VLE and york.ac.uk. So, if you had it all in one place, I just think it would be easier.”
“We have a real opportunity to think about the future… Let’s leverage our community and build that shared sense of purpose. Budgets and finance are important but they have work alongside innovation, and be clearer about what’s it all for.”
How we're rising to this challenge
Our strategic priorities
IDENTIFYING NEW INCOME SOURCES
To identify new - including non-public - sources of income aligned with our purpose and our commitment to quality in research and student education.
INNOVATING OUR WAYS OF WORKING
To innovate in the ways that we deliver our work to improve both efficiency and academic performance.
INVESTING IN OUR CAMPUS
To invest in a better condition, smaller footprint estate which provides a vibrant environment that supports and enthuses our staff and students.
MODERNISING PROCESSES
To adopt digital technologies and streamline processes to enable more effective and efficient operations.
LEADING ENVIRONMENTAL CHANGE
To take the bold and imaginative action that is needed to reach net zero.
IDENTIFYING NEW INCOME SOURCES
To identify new - including non-public - sources of income aligned with our purpose and our commitment to quality in research and student education.
INNOVATING OUR WAYS OF WORKING
To innovate in the ways that we deliver our work to improve both efficiency and academic performance.
INVESTING IN OUR CAMPUS
To invest in a better condition, smaller footprint estate which provides a vibrant environment that supports and enthuses our staff and students.
MODERNISING PROCESSES
To adopt digital technologies and streamline processes to enable more effective and efficient operations.
LEADING ENVIRONMENTAL CHANGE
To take the bold and imaginative action that is needed to reach net zero.
Paving the way
Key projects and initiatives
OPTIMISE USE OF TEACHING SPACE
Programme to simplify and optimise the timetable and raise the use of our best teaching spaces.
EXPAND STUDENT ACCOMMODATION
Programme to deliver 3000 new student bedrooms on campus.
DRIVE TOWARDS NET-ZERO
Progress the Geothermal initiative as a high risk-high reward initiative to make serious progress towards net-zero.
MOVE TO MODERNISE
Continue to relocate activity to enable vacation of high cost/poor quality buildings and better use of higher quality buildings.
TRANSFORM OUR SERVICES
Deliver the Human Resources and Finance Transformation programme to establish improvements to service and cost of operation, building experience to inform the subsequent transformation of student services.
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