Financial Resiliency Planning

Hi,

We don’t have a great deal to tell you, I’m afraid, about the current financial situation.  The reason, though, is positive and is based around the fact that the cautious thumbs-up we had from our previous meetings with Management remains and it looks unlikely to change without further cuts to funding.

A number of you will be aware of ongoing restructuring – some of which is related to earlier financial commitments and some is unrelated to the financial planning.  We are involved in discussions regard those areas of restructuring and supporting the membership through what must be a time of uncertainty.   Meanwhile we continue to engage with Management at a strategic level and to apply political pressure at a national level to avert further cuts to HE spending.

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