Strategic priority 6 - Guarantee financial sustainability
The pace of delivery of our multi-faceted and challenging strategic agenda is dependent on securing the appropriate level of resources. We shall seek an increase in the level of our Grant in Aid funding from Government. In addition, we are striving to supplement our public funding through fundraising and trading activities, and by maximising our efficiency to free up resources for our key priorities.
Key area - Maximise our efficiency in line with the Gershon Report
Actions and benefits
- Continue to modernise our organisation to free up resources for our strategic priorities. In 2005/06 we will deliver efficiencies of £7.6 million, which includes both new savings and redistribution of resources to our core activities and front-line services.
All our managers are taking part in externally-run leadership development courses. |
Key area - Ensure we have the resources we need to deliver our strategy
Actions and benefits
- Without the right level of resources, we cannot deliver on key parts of our strategy.
- We will be seeking additional government funding to underpin our priorities through Spending Review 2006.
- Exploit commercial opportunities consistent with our public role by building the right partnerships and services.
- Extend our successful fundraising programme to increase levels of giving and support.
Key area - Review the business model for Document Supply
Actions and benefits
- Work with major stakeholders of Document Supply services to develop a business model that is sustainable in the long-term to underpin UK research competitiveness.
Staff increasingly blend scholarship with technical expertise. |
Key area - Implement a two-site estates strategy
Actions and benefits
- Rationalise our London estate so that we can house our collections, people and services in the best possible environment, aspiring to leave our Woolwich and Colindale facilities by 2010.
Sources of income
Annual projected average 2005-2008
 | Total trading income (18%) | ||
| Total grant in aid (80%) | |||
| Legacies, donations and other grants (2%) |
Grant in Aid funding 2005-2008
| Operational grant | ||
| Capital funding | ||
| Total Grant in Aid |
