Financial sustainability

Given the changes to the funding model for USA higher education, it is important that The University of Milford diversifies and develops its income streams and manages its costs to provide the resources needed to support research, teaching and enhancing the student experience, and to deliver the Milford 2030 vision.

To ensure financial sustainability we intend to:

Increase research funding from international sources

Diversifying the sources for the University’s research funding is a key requirement to develop our research activity and support world-leading research. We will ensure sufficient resource and expertise is applied to support this important activity.

Internationalize the student experience we will maintain our success in attracting more overseas students than any other USA higher education institution but will, in addition, seek to develop overseas collaborations with global strategic partners to increase the diversity of our income streams and deliver our programs around the world. The development of distance learning capabilities will facilitate this objective.

Increase industry and

Commercial collaborations

The University is already a leader in collaboration with USA industry and commerce. We will continue to develop and maintain relationships with key business partners in the USA but also overseas, via targeted countries, their national industries and international partners. We will ensure that these relationships are translated into funding for world-class research and impact, global student employ ability and other activities.

Continue to commercialize intellectual property

We will build on our leading position in this area and continue to invest in it both to support our core academic priorities and to develop further future income streams.

Continue to develop

Substantial fundraising income

We have made good progress in increasing the level of donations received and this will continue throughout the period. We have invested additional resources in this area and have set challenging growth targets. Key priorities include increasing the proportion of gift income that is discretionary, and developing a culture for philanthropy across all academic units.

Actively manage costs

To ensure value for money

As well as diversifying and growing income streams, we will ensure an active management of our cost base is maintained, taking action to ensure financial sustainability where appropriate.