Student recruitment is key to the financial sustainability of universities. Many institutions have strategically targeted growth in their student population, particularly internationals, to offset the impact of fixed domestic undergraduate tuition fees, which have eroded in real-term value over the years.

Universities are facing increased pressures to deliver Net Zero (“NZ”), with students calling for action and commitments in addition to UK government targets. 

Historically, a treasury strategy has been seen as another piece of governance reporting that adds little on top of wider financial forecasting.