Agenda item

Report of the Principal.

A report of the Principal updated Governors on the following general issues:

·           Recent prize winners

·           Student recruitment

·           HEFCE Update

·           TDAP Update

·           Milton Court Project Build Update

·           Fundraising progress

·           KPIs

The Principal explained that on Milton Court although there was currently a six week delay to the programme this would not substantially impact on the ability to open fully in September 2013. The fundraising progress had also been running well and the initial target of £13.5m had reduced to £4.5m.

In response to a question by a Governor the Principal explained that the decrease of applications for post-graduate study  was a broad trend across the sector.. It was noted that a high proportion of post-graduate students benefited from a bursary.

In relation to the naming rights it was reported that a report has been deferred to the next meeting which would allow a policy to be in place for major donations.

RECEIVED