Menu

SMD Strategy

Sustainability

To achieve and sustain financial strength to enable our academic ambitions through a balanced portfolio of activities.

We will work across the Faculty to maximise financial return on key targets set out in this strategy so as to build financial strength over the planning period.

We will develop and implement an efficiency plan across
the SMD to maximise return on our internal and external funding and our assets. This sits alongside an emerging estates strategy to deliver enhanced and, where possible and appropriate, more effective and efficient utilisation of assets.

Key principles include:

  • Full assessment of the cost benefits of co-ordinated delivery of Faculty-wide infrastructure requirements to underpin research and education activities

  • Increased overhead recovery, diversification of income streams and improved management of fixed assets and space; objective measures for improvement against tight financial control will be applied consistently across Institutes

  • Working closely with QMUL to ensure that maximum value flows from all sources of our income

Objectives

expand

6.1 Achieve enhanced investment in resources and facilities, for the benefit of students and staff

Indicator of ProgressTarget

Understanding the resource and efficiency impact of delivering activities across multiple campuses and options therein

Campuses plan developed by 2018
expand

6.2 Increase research income derived from a greater diversity of sources, with improved coverage of full costs

Indicator of ProgressTarget

Further improvement of overhead recovery and research volume

Optimise the overall overhead recovery over the period
expand

6.3 Increased income from educational activities through an enhanced portfolio of courses, and more effective use of resources

Indicator of ProgressTarget
Net income from tuition fees and education contracts (per academic)Top 10 UK Medical and Dental Faculties by this measure by 2019
expand

6.4 To significantly grow levels of philanthropic income in support of research, infrastructure and students

Indicator of ProgressTarget
Increase in philanthropic income from new sources

Minimum of £2m of philanthropic income per annum from new sources by 2018

expand

6.5 Expand educational provision to serve the needs of individuals concerned with their continuing personal and professional development

Indicator of ProgressTarget
Income derived from continuing and professional development programmesIncome of £500K by 2019
expand

6.6 To further develop relationships with our alumni through enhanced engagement activities, to encourage in-kind support for the School’s strategic objectives

Indicator of ProgressTarget
Number of alumni providing in-kind support for the School’s activitiesMinimum of 200 active volunteers per annum by 2018