The Department for Education has confirmed that the employers contribution rate for the TPS will increase in 2019. The University will manage for this increase by exercising sound financial planning and prudent cost control.
— Insufficient capital funds to support infrastructure developments
The University makes long term investments in its campus wide estates developments. In addition to the bank secured loans that have in part funded recent infrastructure investments it depends on making sufficient financial surpluses in order to reinvest in the future capital expenditure programme. Detailed medium and long term planning and regular in-year monitoring of the financial position mitigate against the risk of insufficient funds and cash flows.
The University’s Board of Governors Committee reviews the key risks throughout the year so that appropriate mitigating actions are taken and monitored.
