Senior Lay Member of Court's introduction

Janet Legrand shares her observations on the University's finances.

As a member of the University Court, I am part of the governing body that provides strategic guidance and constructive challenge to the institution. We are acutely aware of the financial challenges being faced at Edinburgh, as with others across the sector. And we are clear-sighted about our commitment to steering the institution through these troubling times, ensuring it remains well-positioned to achieve its mission for many years to come.

 

The financial sustainability of the University is fundamental to our ability to continue delivering trailblazing research that improves people’s lives, and to creating graduates who will have a hugely important impact on our world.

 

To secure the University’s long-term future, carefully planned actions such as the introduction of a voluntary severance scheme and the temporary pause of selected capital projects, are essential. At the same time, it is crucial that we continue to invest in innovation to ensure we are able to meet our ambitions for the future.

 

The conclusion of the Data-Driven Innovation (DDI) initiative – a £661 million investment and innovation programme – marks a significant milestone. The opening of the Edinburgh Futures Institute and the Usher Institute at Edinburgh’s BioQuarter reflects the University’s commitment to fostering interdisciplinary collaboration and addressing global challenges through research and partnership.

 

This year also saw the launch of the Learning and Teaching Strategy 2030, centred on three core themes: developing a future-ready curriculum, engaging and empowering learners, and supporting inspiring teaching. This strategy underpins our vision that every learner will leave the University equipped to make a positive difference in the world.

Amid a year of mounting pressures and great shifts across society, geopolitics and higher education, the University of Edinburgh has taken action with purpose and resolve.

Accessibility remains central to our mission. We continue to make strong progress in widening participation, meeting the Commission for Widening Access target that 10 per cent of our intake comes from the 20 per cent most deprived areas in Scotland.

 

Every graduation is a moment of pride, and we are particularly pleased to celebrate the achievements of students supported through initiatives such as assistance for care-experienced and estranged students, and the Access to Creative Education in Scotland programme.

 

Our commitment to our local community is equally important. The University reaffirmed this by signing the Edinburgh and South East Scotland City Region Community Wealth Building Pledge, demonstrating our dedication to inclusive prosperity through the growth and development of local businesses and community-based organisations.

 

Globally, our focus on sustainability remains unwavering. The publication of the new Responsible Investment Policy Statement builds on the progress made since 2016 and introduces new priorities – including social investment and decarbonisation – shaped through extensive University-wide consultation.

 

As we look ahead, the University’s values-led approach with our commitment to excellence, integrity and respect, anchors us as we work to ensure this historic institution is fit for the coming 500 years of change, opportunity and challenge.