Academic and financial sustainability
"It is crucial to the success of this Strategic Plan that the College generate significantly more income, both capital and recurrent, and free up resources through constructive cost control and more efficient utilisation of its asset base." - 2006-16 Strategic Plan
College commitment
Our goal at King's is to build on our many accomplishments to become an outstanding university institution, comparable with the very best in the world. Our students are part of an international, vibrant and intellectually stimulating community.
We are ranked in the top 30 universities in the world and the 2009 National Student Survey showed that 83 per cent of our students are satisfied with their overall experience at the College, particularly with the quality of teaching on their programmes.
The College also recognises the importance of the physical environment and, as part of its commitment to a high quality student experience; the College has recently approved a five year programme of investment in teaching rooms, student computing, flexible social/learning facilities and improved timetabling.
Balancing investments
All of this is good news, but as many of you will know, these are challenging financial times. King's, alongside the vast majority of UK universities, faces cuts in the funding we receive from the Government due to the huge increase in public debt incurred by the Government in dealing with the 2008 financial crisis.
As such, we must balance our investments in areas of strategic importance with the requirement to make the appropriate cost savings to ensure the College remains financially sound and is positioned strongly for the future.
Impact of cuts
The table in the attached file below shows the cumulative effect of confirmed cuts which are efficiency savings in the 2009 budget, the Higher Education Funding Coucil for England (HEFCE) Grant Letter and Pre Budget Report.
Impact of HEFCE cuts (pdf 14kb)