2 minute read
Foreword from the Chair of Council
This past year has brought unprecedented challenges to the University. While the values and goals of Durham University remain the same, we have had to fundamentally rethink how we deliver world class education and research in a transformed environment. Given the unparalleled circumstances we face, the contribution of Durham University, producing well-rounded graduates, conducting research which improves lives and supports both the local and the global community, is required more now than ever.
The University Strategy 2017-2027 sets out the institution’s plans for development across the four distinct and inter-related pillars: research, education, wider student experience and global, and progress was made across each of these pillars during the first half of the year.
The impact of Covid-19 has, obviously, caused us to delay some of our capital plans and some research projects, which has had an impact on our forecasted income and expenditure for the year. The impact of the Covid-19 pandemic on our future finances is still uncertain. To mitigate risks, decisions on spending and investment are currently being made according to revised priorities, with priority given to maintaining the health and safety of our students and our colleagues, and developing our digital capabilities. Some planned capital and revenue projects have been paused and will be reviewed in line with further assessment of the budget during the next academic year.
However we remain extremely confident in our continued financial sustainability over the years ahead. Our recruitment of UK and international students for 2020/21 has remained strong and will continue to sustain our financial position. Efficiency saving measures have been introduced and Council will continue to support senior management to consider further opportunities for investment.
I am constantly inspired by the achievements of Durham University, and of the commitment our students and colleagues make to support those around them. Their response to the unprecedented challenges of the academic year just passed has only reinforced this opinion. The hard work, dedication and commitment shown perfectly captures the values of this University: responsible; enabling; inspiring; challenging and innovative. Examples of these values are provided throughout this report.
I would especially like to commend Professor Stuart Corbridge for his steadfast leadership throughout his time as ViceChancellor, but especially during the current turbulent and challenging environment. His achievements will provide his successor with a strong foundation upon which to build the continued success of this outstanding institution, whatever challenges lie ahead.
Mr Joe Docherty Chair of Council